Thank you for reaching the Community, dave203.
Let me share some insights about adjusting the value of stock on hand in QuickBooks Online.
Right now, we can only adjust the quantity of the inventories in QuickBooks Online and not the value or amount. Also, you need to be careful when you save an adjustment. QuickBooks will automatically records appropriate adjustments to your stock Asset and Cost of Goods Sold accounts.
Here are some useful articles to learn more about handling inventory and adjustments:
If your still not sure how to handle this, I'd recommend consulting an accountant.
Feel free to get back to me if you still have other concerns about inventory. I'll be here to help. Have a good day!
