Do inventory recounts affect my General Ledger?

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M1EnterpriseTech
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Do inventory recounts affect my General Ledger?

Post by M1EnterpriseTech »

Yes, when you do a recount to change the inventory quantities there will be a change to the

values recorded in the General Ledger to the following two accounts:
  • Asset Account - Stocking Inventory


and the offsetting account to the
  • Expense Account- Inventory Adjustments ( Recounts)
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