You control this, top left of your Adjustment screen: “however the adjustment account is set up as an “other expense””
Change that to Equity. Prior inventory Assets on hand are part of Equity.
Resolution for 'Adjustment Screen issue: 'Creating New Books and Accounting for Inventory' available: Yes.
The Adjustment Screen 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 Screen issue yourself by looking for a resolution described in the article. If it is a complex Adjustment Screen issue or you are unable to solve the issue, you may contact us by clicking here or by using other Adjustment Screen support options.
For more information about resolving issues related to Adjustment Screen in Quickbooks/QBO or to get support for the issue 'Creating New Books and Accounting for Inventory', click the link below: