Sep '25 • Q & A
Which accounts are affected when adj inventory in QBO?
Q: What happens in qbo if I Adjust Quantity of an inventory item? What accounts are effected? P+L or Balance Sheet will have to show the change right.
A: When performing an inventory adjustment in QuickBooks Online (QBO), the Inventory Asset account and an Expense or Cost of Goods Sold (COGS) account are affected. The Inventory Asset account is debited or credited to reflect the value change in your on-hand inventory, while the expense or COGS account is debited to record the loss or gain in inventory value due to shrinkage, damage, or spoilage
0
0 comments
Which accounts are affected when adj inventory in QBO?
skool.com/fromzerotoremotebookkeeper
A FREE supportive community for bookkeepers learning real-world skills and growing into confident, trusted financial partners.” 🤝📊
Leaderboard (30-day)
1
+2
2
+1
Powered by