• How to get the value out of your inventory on a given date FAQ ...
• You want to do the physical inventory FAQ ...

Make the transaction of your accounting system, here are 2 options :

The classic purchase transaction:

• Increase the cost of goods sold (GL of parts purchase),
• Increase Payables (GL Passive Supplier)
  
  

To adjust inventory, you need to make a general ledger transaction:

A) the value of your inventory to increase

• Lower the cost of goods sold (GL of parts purchase),
• Increase the inventory value (Asset GL: Inventory)

B) the value of your inventory to lower

• Increase the cost of goods sold (GL of parts purchase)
• Decrease the value of the inventory (asset GL: inventory)