Stock adjustments causing inventory value reconciliation to be out of balance

Question

Hello, I'm having trouble getting through on the phone so I thought I'd start a thread.

My inventory value reconciliation is out of balance (and getting worse each month). I think it's caused by the small stock adjustments I make from time to time - specifically when I use the count inventory function (to move stock from one stock number to another or to remove stock that is lost/faulty). Could you please help?

Thank you!

gavin12345 · Answer

Hi @Mike_James

Ok - that makes sense - yes I saw another post where the 'moderator' referred to tax codes as 'finanical advice' and that the user should seek help from their 'financial advisor' - guess the AI engine still needs some work:)

Regards

Gavin

nhill · Answer

Thank you for your advice. The default account is meant to be a cost of sales account (stock adjustments) but I have noticed that it sometimes posts to my stock on hand (asset) account. It seems to alternate from one line to the next when I try to make multiple adjustments using the count inventory feature.

Mike_James · Answer

Hi @gavin12345 , a message was posted just before mine indicating that the query amounted to seeking financial advice, and that should be sought from an accountant. That post has now been deleted. Some of us get immediate post updates...