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Replying to:
Adele24
Level 2

Beginning inventory

Good afternoon,

I started using QB Enterprise Desktop last year.  I was unable to put in a beginning quantity of inventory on hand since I couldn't export it from my old system, but I did have my inventory valuation in my chart of accounts.

 

As I made my assemblies and started my builds, I had to adjust my quantities on hand to build, since I had no inventory on hand showing .  The problem is that every time I adjusted the quantities, it increased my inventory values in my chart of account, sort of like double counting.  These parts were already accounted for in my inventory valuation.  My inventory has now doubled in value because of the adjustments needed to do the builds.

 

How can I bring my inventory back to where it needs to be, since the inventory was not new and already in my books, without it affecting my retained earnings or throwing off my chart of accounts?

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