cost of inventory in QBO is based on the cost you pay for the items, not the amount you enter on the item screen in the cost block – that is just a general reference of recent purchase cost usually.

QBO uses FIFO, which is average cost per purchase.  So when […]

Resolution for 'adjustment cost issue: 'In inv adjust, you can adjust the quantity, but not the amount. When you go look into the chart of acc., it puts an amount in the trans., where does the amount come from?' available: Yes.

The adjustment cost issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the adjustment cost issue yourself by looking for a resolution described in the article. If it is a complex adjustment cost issue or you are unable to solve the issue, you may contact us by clicking here or by using other adjustment cost support options.

For more information about resolving issues related to adjustment cost in Quickbooks/QBO or to get support for the issue 'In inv adjust, you can adjust the quantity, but not the amount. When you go look into the chart of acc., it puts an amount in the trans., where does the amount come from?', click the link below: