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Created by AgExpert Support
Created on Oct 14, 2014

Disqus Agexpert Accounting Questions Archive

Hi I am setting up my farm for the first time and I entered in an inventory amount under opening balances. Then I realized I should have had it under a different inventory account. The only option I have is to adjust inventory. I would like to adj the value to zero but it defaults saying # has to be greater than zero. What value should I use to clear the inventory account to zero? Thank you

  • ADMIN RESPONSE
    Feb 10, 2025

    Hello Carolyn, my recommendation would be to do quantity adj by negative the quantity under the Adjust Quantity tab. This will zero out the account. (i.e if you have 100 bushels in the account, you would put a -100 under the quantity) I hope this helps. Thanks

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