I’d like to know the proper way to record a periodic (e.g., monthly, quarterly) manual adjustment of inventory quantity in Manager.
Each of my sales transactions are bulk loaded into a Cash Account using the ‘Import bank statement’ function. Although I could edit each imported sales receipt and add the relevant inventory items consumed, that would be a very tedious task.
An inventory write-off didn’t seem correct since the inventory items (raw materials) were consumed in the product manufactured and sold. In looking at older posts, I saw a mention of using a Journal entry, but couldn’t figure out how that would be done. If I manually adjusted the Quantity on Hand, I would’t have an audit record of the manual adjustment.
This seems like a simple, but common issue and any advice would be appreciated.