Negative inventory value on Balance Sheet
Can anyone please tell me what causes a negative inventory asset category on my balance sheet and where to begin to try and look to find/fix the problem?
Forum Discussion
Hi Narellecables,
Sure thing. A negative Inventory asset usually means your stock, and the GL slipped out of sync, often from selling something before it was on hand, or from an incorrect transaction. To sort it out, run an Inventory Reconciliation report to spot the issues, then manually adjust the item quantities. You can also check this related forum post where an adjustment cleared the negative. If it persists, jump on live chat via our virtual assistant, MOCA or log a support ticket in My Account, and we can run a fix script for you.
Cheers,
Princess
