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MichaelLL's avatar
3 years ago

Inventory Adjustment

I have recorded Inventory adjustments to reduce inventory.  I have selected COGS for the debit entry.

 

There have been entries to Stock on Hand Finished Goods from my inventory journal, but I can't see them on my journal..  Can someone advise how these are generated from the inventory adjustment?

Thanks

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  • Mike_James's avatar
    Mike_James
    Ultimate Cover User
    3 years ago

    Hi MichaelLL , every inventory journal line will create another transaction line using the inventory asset account held against the item. This happens "behind the scenes".