To adjust an item’s total value and unit cost

If you haven’t already read the Inventory Adjustments Overview, see Adjusting item total values and unit costs for more information.

The Inventory Adjustments window should be displayed.

  1. Enter the number of the item you want to change in the Item Number column in the scrolling list.

  2. Be sure 0 (zero) appears in the Quantity column.

Warning: Don’t make any changes to the Unit Cost column

It’s very important that you don’t make changes to the Unit Cost column at this point.
  1. In the Amount column, enter the dollar amount of the adjustment, not the new total value of the item.

  2. Your entry in the Account column depends upon your situation. Read the information in this step carefully before you make an entry in the Account column.

    If you’re entering an opening value for this item and you don’t want the transaction to change the opening balance of the item’s inventory asset account, enter that inventory asset’s account’s number as the allocation account for this transaction.

    Regardless of whether you’re entering an opening value for this item, if you want the balance of your main inventory asset account to reflect this adjustment transaction, enter the expense or cost of sales account that you want to use to track this adjustment.

  1. Click Record.

To adjust an item’s total value and unit cost