Let me join the conversation, @waxglass2020.
Allow me to share some information on how Inventory works in QuickBooks Desktop.
The quantities won’t move using sales transactions. You can only create an invoice if you keep inventory on stock, and customers pick the items up from you. This way, QuickBooks records each inventory related to the transaction and adjusts the inventory quantity accordingly.
You’ll need to adjust the product’s quantity to track the decrease or increase of items. You can create a separate account in your Chart of Accounts to modify the quantity on hand and the total value.
Here’s how:
- Go to your Company menu, then Chart of Accounts.
- From the Account dropdown, choose New.
- From the Other Account Types dropdown, select Cost of Goods Sold.
- You can name this Account as "Inventory Adjustments," then Save and Close.
Once done, you can follow the step 3 process located in this article to adjust items quantity and value in QuickBooks Desktop.
Running inventory reports also help to ensure everything is entered in the system correctly: Customize reports in QuickBooks Desktop.
Just leave a comment below if you have other concerns. You can count on me anytime. Take care.
