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Hi matthew-kapes-co,
Thanks for joining this thread. With QuickBooks Online features, you can manually make adjustments to inventory items without creating transactions, so you can match what's in your actual stock. However, as mentioned previously in this post, it can affect other aspects of your books. I'd be happy to provide more insight on this!
Anytime an inventory adjustment is necessary, it's automatically recorded to your asset and cost of goods sold under stock shrinkage accounts. It's recommended that you reach out to your accountant when an inventory adjustment needs to be edited, due to the impact it can have. If you don't have an accountant, we can assist you with locating a ProAdvisor in your local area.
Should you require additional assistance, please contact us. It would be our pleasure to work with you in real time and get you back to what you love!