How to Adjust Perpetual Inventory Records in QuickBooks

The ‘Adjust Quantity/Value on Hand’ window is used to adjust the quantity of inventory on hand to new quantity.

The following steps are the way it can be adjusted.
1)  Click ‘Supplier’ at the menu bar and select ‘Stock Activities’ from the drop down list, another drop down list appears after clicking ‘Stock Activities’. Click ‘Adjust Quantity/Value on Hand’ from the drop down list. 

Or you click ‘Stock Activities’ at the home page and select ‘Adjust Quantity/Value on Hand’

2) The ‘Adjust Quantity/Value on Hand’ window below appears. 

3) To complete your adjustment, follow the steps below 

A: Click the drop down arrow and select ‘Quantity’ from the drop down list.

B: Set the date of the adjustment or leave default
C: Click the drop down arrow and select the account that will be adjusted from the drop down list. Here, ‘Cost of Goods Sold’ is selected

If a window titled ‘Income or Expense expected’ opens, click ‘Do not display this message in the future’ and click OK.
D: Click ‘Find & Select Item’ in order to select the inventory to be adjusted. The ‘Find & Select Item’ window appears showing the list of all inventories.

Select the items to be adjusted by clicking the box at the left side of the window before the ‘Item tab’.
E: The items selected quantity automatically appears
F: Fill in the new item quantity in the box for each item
G: The items selected from the ‘Find & Select Items’ window automatically appears in the ‘Item’ tab.

After Filling in the necessary information, click ‘Save & Close’ at the bottom of the Adjust Quantity/Value on Hand window