In order to adjust inventory, you must be in single-user mode if you are using the Pro version.

1. From the QuickBooks Vendors menu, choose Inventory Activities, and then choose Adjust Quantity/Value on Hand..

2. Change the Adjustment date, if appropriate, and enter a Reference Number (optional).

3. Enter the name of the Adjustment account where you track inventory loss and shortages.

4. Change the Customer: job and class, if needed.

5. For each inventory item whose quantity has changed, enter either the new quantity or the quantity difference.

6. (Optional) Edit the value of the inventory.

7. Save the inventory adjustment.

1. Display the Chart of Accounts.

2. Double-click the Sales Tax Payable account.

3. Go to the blank transaction at the bottom of the register.

4. Enter the date of the credit or of the additional amount owed, and then the tax agency vendor.

5. If you owe more tax, enter the amount in the Billed column; if you are due a credit, enter the amount in the Paid column.

6. Enter the appropriate account in the Account field (usually an income account for credits, and an expense account for an amount owed).

7. Click Record.