Yes, it does, CGregory. QuickBooks automatically creates an inventory adjustment record to ensure that changes are accurately reflected in your inventory management and accounting records. Allow me to provide more details about this. 

When you import the updated list and quantities into your QuickBooks Online, as suggested by my previous colleague, please tick the Overwrite all values for each product or service that you import with the identical name option. Doing so will ensure the existing one in the system will be replaced and overwritten.

Refer to this article for more information: Import products and services into QuickBooks Online.
 

Additionally, we can generate an Inventory Valuation Detail report to view your inventory levels, costs, and value. It also provides insights into system adjustments, enhancing your inventory management.

Here's how:

1. Head to the Reports menu, then enter Inventory Valuation Detail on the search bar.
2. Customize it the way you want.
    

Moreover, I'm adding these resources as a guide in managing your inventory and sales transactions in the future:

• Record invoice payments
• Use reports to see your sales and inventory status

Ensuring the success of your inventory management is incredibly important to us. If you have any other questions or concerns you'd like to discuss, please share them with me.