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anyone here know Quickbooks?

I have a question about adjusting the incorrectly entered quantity of an inventory item. thanks in advance to anyone willing to help . . .

Answer Question

Asked by autodidact at 6:17 PM on Oct. 28, 2010 in Money & Work

Level 28 (35,951 Credits)
Answers (3)
  • Quickbooks has pretty lousy accounting controls; you should be able to over-write it.

    Answer by rkoloms at 7:34 PM on Oct. 28, 2010

  • thanks, but it's the one thing that can't be edited, it can be changed through an adjustment, but it won't work to write the change off to theft, damage, etc, as that will act as an expense. I need to just delete it, I think, but what I don't know what that means for the transactions involving that inventory item, I'm wondering if I would need to delete them, too, or if I can get away with just changing the item itself.

    Comment by autodidact (original poster) at 8:08 PM on Oct. 28, 2010

  • Can you make a general journal adjusting entry for the inventory item?

    Answer by tasches at 4:12 PM on Oct. 29, 2010

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