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stevelawley4659
July 28, 2019
Solved

Ive done a manual stock adjustment to increase purchased items, I now know this was a mistake,The adjusted stock has posted to 'stock shrinkage', is this correct?

  • July 28, 2019
  • 3 replies
  • 3 views
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    Best answer by payment after leaving

    Hi stevelawley4659

     

    If you have manually adjusted the stock quantity then as previously posted the stock shrinkage account is the default account that is used for increases and decreases in the product.

    However, also stated by Rustler, another way to increase your stock, if indeed you are purchasing it from a supplier is by using an expense or bill, the stock quantity will be adjusted automatically, the manual adjustment is usually used for stock that can't be accounted for.

    3 replies

    M
    MirriamMQuickBooks Team
    QuickBooks Team
    July 28, 2019

    It's good to see you here in the Community, stevelawley4659. I'd be happy to answer your post about stock adjustment.

     

    Yes, you're correct that the adjusted stock will be posted to stock shrinkage since this is the default account used.

     

    To give you more idea about this process, you can check out below articles:

    If you have any other questions, please let me know by commenting below. I'm always here to answer it for you.

      Rustler
      Rustler
      Level 15
      July 29, 2019

      @stevelawley4659 

       

      To answer your question, no it is not correct.  as you stated you do not adjust inventory to increase stockage.

       

      bring up the adjustment transaction and delete it.  With it on screen, use the more menu/link at the bottom and delete

      then enter the purchase of inventory items using the item detail part of the expense or bill form, that is how you increase stock

        P
        payment after leavingAnswer
        Level 10
        July 29, 2019

        Hi stevelawley4659

         

        If you have manually adjusted the stock quantity then as previously posted the stock shrinkage account is the default account that is used for increases and decreases in the product.

        However, also stated by Rustler, another way to increase your stock, if indeed you are purchasing it from a supplier is by using an expense or bill, the stock quantity will be adjusted automatically, the manual adjustment is usually used for stock that can't be accounted for.

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