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UnoMak's avatar
UnoMak
User
4 years ago
Solved

Inventory Adjustment - journal debits and credits the same account

I am recording an inventory adjustment and the journal is debiting and crediting the inventory account so my GL value of inventory is coming up as nil

  • Steven_M's avatar
    Steven_M
    3 years ago

    Hi UnoMak 

     

    When recording that Inventory Adjustment, what account did you select as the account on that transaction? Generally, you would select the account you want to assign the adjustment to. Typically, would be a cost of sales or expense account, not the inventory linked account. The system will automatically assign the other side of the transaction to be that Inventory linked account so no requirement would be required to select that.

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  • Steven_M's avatar
    Steven_M
    Former Staff
    3 years ago

    Hi UnoMak 

     

    When recording that Inventory Adjustment, what account did you select as the account on that transaction? Generally, you would select the account you want to assign the adjustment to. Typically, would be a cost of sales or expense account, not the inventory linked account. The system will automatically assign the other side of the transaction to be that Inventory linked account so no requirement would be required to select that.