Company uses QB Desktop 2016. I am just the office manager, I have some basic accounting knowledge, but I am not a CPA. New to the job, and unknown to me when I started, this company does not track inventory through QuickBooks program, the item list is for price reference only. But since I didn't know this information at first, when I was creating invoices I was using the item list. Every invoice I created also created a negative quantity in the item list and inventory. While the company was applying for a loan in November, this error was finally brought to my attention by the bank. When I brought it to the attention of the CPA for the company, his response "Yeah, I noticed that in July." He gave me some adjustment to do so that we satisfy the bank and get the loan. Had he told me about the problem in July I could have easily changed things and not have this huge problem. Since he did not, he is now our former CPA and I have changed procedures so that invoices no longer go against the inventory, but I still have negative numbers in the inventory. Is there a way to do an inventory adjustment without having to go into each individual invoice (over 600 were done wrong) and changing them so that they do not go against the inventory?
