Assist inventory adjustment

I appreciate your time reaching out to us, @amiinpetroleumg-. I'd be happy to help you make inventory adjustments in QuickBooks Online (QBO).

Adjusting your inventory will modify the balance of your inventory assets. With this, QuickBooks automatically update appropriate adjustments to your accounts. 

Let me walk you through the steps on how you enter an inventory adjustment:

1. Click the  +New button, and select Inventory Qty Adjustment.
2. Enter the Adjustment Date.
3. In the Inventory adjustment account drop-down, select the appropriate account.
4. Select the products in the Product field.
5. For each item, enter either a new quantity or a change in quantity.
6. In the Memo field, enter the details about the adjustment.
7. Once done, select Save and close.

For more detailed information, you can refer to this article: Adjust inventory quantity on hand in QuickBooks Online.

Also, I'd suggest reaching out to your accountant to provide you with the best possible approach to your inventory adjustment.

Furthermore, you can check out this article on how to use reports to get track of the things you buy and sell and the status of your inventory: Use reports to see your sales and inventory status.

Feel free to leave a comment below if you require further assistance with inventory adjustments. I'm here to help. Keep safe!