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Carissa22
Level 3

Eliminate inventory shrinkage transactions

In my initial setup and uploading of inventory to QBO, I made some errors in the starting quantities and ended up deleting and re-adding a number of inventory items.  All of those transactions are being classified as Inventory Shrinkage resulting in a shrinkage expense of $3375.28 on my profit and loss report.  I am wondering if there is a way I can simply delete all of the transactions in that account.  I know I can recategorize the account elsewhere, but it still shows up on the report as an expense no matter what I call it or how I categorize it.  I tried to do a transaction for -3375.28 to effectively zero out the account balance but I can't figure out a way to do that without messing something else up.

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