Inventory

Question

Items have no on hand and still have a value 
 How do I clear the inventory value so it doesn't affect the value 
 
 Thanks 
 
 Doug

Erzsi_I · Answer

Hi Doug Long , Thanks for reaching out! Here are some resources that can maybe help:

The Cost of Goods Sold Expense account is not showing the correct balance. Explanation of inventory variance.

10473

How to enter an Inventory Adjustment

12805

Also review the blog entitled " Inventory GL account does not match the inventory sub-ledger &ndash; second example " which should still apply. The procedures bring the inventory account down to the correct value. Hope this helps, Erzsi

Sage 50 Canada

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