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Chapter 15. Keeping Track of Your Invent... > Adjusting Quantity and Value of Inve...

Adjusting Quantity and Value of Inventory Account

When you take your physical inventory count, you might find that your actual inventory totals don’t agree with the quantity of items that QuickBooks thinks you have. Perhaps some items were damaged or lost, perhaps there was a theft, or there might be other reasons— which you will want to determine—for the discrepancies in your inventory totals.

QuickBooks adjusts its count of your inventory quantities whenever a sale takes place. When changes in quantity occur that aren’t attributable to a sale, you have to adjust your QuickBooks records yourself so that they show the exact quantity on hand.


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