You can create a Journal Entry to adjust the inventory value, Dawn. I'd be glad to share some insights about this and guide you through the steps.

In QuickBooks Online (QBO), direct adjustments to the inventory value are unavailable since the system operates on a First In, First Out (FIFO) basis, which prioritizes the sale or usage of older inventory items first.

However, you can make adjustments through a Journal Entry (JE). Before following the steps below, I recommend consulting with your accountant when creating a JE to ensure accuracy.

Here's how:

1. Navigate to the + New and choose Journal Entry.
2. For the first line, select an account from the Account field. Depending on whether you need to debit or credit the account, enter the amount in the correct column.
3. On the next line, select the other account you're moving money to or from. Depending on whether you entered a debit or credit on the first line, enter the same amount in the opposite column.
4. Check the amounts - you should have the same amount in the Credit column on one line and the Debit column on the other. This means the accounts are in balance.
5. Enter information in the memo section so you know why you made the journal entry.
6. Finally, click Save and Close to complete the entry.

For more information, refer to this article: Create journal entries in QBO.

In case you want to export your inventory value report or journal entry to use outside of QuickBooks, check this resource: Export your reports to Excel from QBO.

You can tag me in the comment section if you have any other concerns about adjusting the inventory value. I'll be around to further assist you.