Hello - Is it possible to make inventory adjustments against balance sheets? Accounting is asking for this...
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Wim Suenens
06/02/2022, 8:32 PM
Inventory is (should be) booked through Other Current Asset Accounts. So adjustments will always have an impact on the balance sheet.
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AI1
06/04/2022, 2:44 AM
Yes you should be able to assign any account on the inventory adjustment (which will be the DB). But the CR will go to the Asset account on the item record