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Michael7787
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11/21/09 6:33am PST
Viewed by asker 11/22/09 1:58pm PST

Items

US QuickBooks Premier : 2010: Manufacturing and Wholesale

 

I am setting up my company for the first time. I will start with QB for the new year.  I want to start with items I have right now in stock.  On Dec. 31 I will adjust the totals to get them perfect for Jan 1.  My question is how do I adjust the quantity without having to make an expense or income adjustment.

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raywhite28
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11/21/09 9:47am PST

Home Page > Adjust quantity on Hand > Use the "Opening Balance Equity Account.
Eventually, your accountant will have to journalize it to be zero.

Hope this helps. If so please mark solved, if not please ask more questions. Thanks!
 

http://www.raywhiteenterprises.com
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When you adjust the quantity you need to make the adjustment to income or expense at the same time

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