Hello, @jenuneekor.
When you create an inventory adjustment, QuickBooks automatically records appropriate adjustments to your stock Asset and Cost of Goods Sold (under stock Shrinkage) accounts.
- Go to the + New.
- Under Other, select Inventory Qty Adjustment.
- Enter the Adjustment Date.
- In the Inventory adjustment account drop-down, select the appropriate account.
- Select the products in the Product field drop-down.
- For each item, enter either a new quantity or a change in quantity.
- Select Save and close.
You can refer to this article for more insights: Adjust inventory quantity on hand in QuickBooks Online.
Let me know if you have other questions. I'm always here to help.
