Hello - Is it possible to make inventory adjustmen...
# accounting
j
Hello - Is it possible to make inventory adjustments against balance sheets? Accounting is asking for this...
a
could you elaborate a bit more? Inventory accounts are balance sheet accounts, therefor adjusting inventory + or - would impact your balance sheet
j
I'd like to elaborate more but I'm not familiar with this request
They are getting that error when trying to do this
a
That's because they're trying to offset the adjustment to the same account. The offset should go to an income statement account under Cost of Goods Sold
j
Thank you. The error does say that, not sure why they couldn't understand
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