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Inventory Value Adjustment

Add the option to adjust inventory value (not just quantity) as it's currently available in desktop.
Beneficial to include freight-in with inventory asset value.

93 votes
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    joel shared this idea  ·   ·  Flag idea as inappropriate…  ·  Admin →

    14 comments

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      • Iain commented  ·   ·  Flag as inappropriate

        This is a must, Stock changes in value over time. Lack of this is causing us more and more problems with thousands of product lines.

      • Anonymous commented  ·   ·  Flag as inappropriate

        Why would an accounting system even think of allowing only the "qtty" to be adjusted?! Cost adjustment MUST be allowed at the time a qty is adjusted.

      • Anonymous commented  ·   ·  Flag as inappropriate

        When inventory is sold for a loss at below acquisition cost, QBO does not relieve inventory correctly. Additionally, there is no means of adjusting the carrying value of inventory, resulting in items in the inventory module with 0 quantities and negative dollar values in addition to inaccuracies in carrying values of non-zero items. This is unacceptable, resulting in financial statement inaccuracies that cannot be fixed, and needs to be corrected promptly.

      • Anon commented  ·   ·  Flag as inappropriate

        I was stunned to find that this simple feature is NOT available on the iOS versions of QBO. How hard can this be?

      • Anonymous commented  ·   ·  Flag as inappropriate

        Inventory adjustments - you should have access to select the account for the adjustment and also the $ amount. Items are not always purchased at the same price & it's not always missing inventory.

      • Anonymous commented  ·   ·  Flag as inappropriate

        Account options to write off an inventory adjustment like in the desktop version. As it stands, there are so many steps... Adjust the inventory in the item, make a note of the $ amount, add a journal entry with two lines taking the $ amount out of "Inventory Shrinkage" and putting it into the appropriate account.

      • Anonymous commented  ·   ·  Flag as inappropriate

        There should be the option of adjusting stock from one item to another - also the ability to change the post to account. This default to Missing only has created problems for my client.

      • Anonymous commented  ·   ·  Flag as inappropriate

        We need to have the ability to delete and or modify inventory adjustments. The inventory asset account register does not work well for this. It takes way to long to scroll back through the pages. Often times the scrolling does not even work. A go to page # function would be helpful in the register also.

      • Anonymous commented  ·   ·  Flag as inappropriate

        It would be helpful when updating the quantity in inventory items to be able to select the account that it makes the adjustment to, instead of inventory shrinkage.

      • Anonymous commented  ·   ·  Flag as inappropriate

        It would be appreciated to have the ability to make one big inventory adjustment for all inventory items like is done on the Desktop version by going to Vendors → Inventory Activities → Adjust Quantity/Value on Hand.

      • Anonymous commented  ·   ·  Flag as inappropriate

        Inventory adjustments in QBOA are quite difficult. I would like to suggest that we add the ability to adjust the value as we can in the PC version.

      QuickBooks Online Feature Requests: Inventory

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