How to Delete Inventory Adjustment in QuickBooks | Step-by-Step Guide

Keeping your inventory accurate in QuickBooks is crucial for smooth business operations. But what happens when you make a mistake? Fortunately, you can delete inventory adjustments in QuickBooks quickly and easily—if you know where to look.

Learn how to delete inventory adjustment in QuickBooks easily. Follow our expert tips or call +1(866)500-0076 for live support and assistance today.

In this guide, we’ll walk you through the exact steps to delete inventory adjustment in QuickBooks, explain why it matters, and when to avoid doing it. Plus, if you hit a roadblock, don’t hesitate to call our QuickBooks experts at +1(866)500-0076 for instant help.

Why Delete Inventory Adjustments in QuickBooks?

Mistakes happen—we're all human. Sometimes, wrong quantities, incorrect items, or even adjusting the wrong date can throw off your reports. Here's why deleting adjustments might be necessary:

The adjustment was entered for the wrong item.
You mistakenly changed the quantity on hand.
The date was incorrect, affecting financial reports.
You duplicated an inventory entry.
A vendor returned the inventory, but you adjusted instead of recording a return.

By removing incorrect adjustments, you ensure your inventory reports, cost of goods sold (COGS), and profit/loss statements remain accurate.

Steps to Delete Inventory Adjustment in QuickBooks (Desktop Version)

Follow these simple steps to delete an inventory adjustment in QuickBooks Desktop:

Open QuickBooks Desktop.
Go to the Reports menu and select Inventory Valuation Summary to locate the adjustment.
Click on the adjustment transaction you want to delete.
The Inventory Adjustment screen will open.
Click Edit on the top menu.
Select Delete Inventory Adjustment.
Confirm by clicking Yes when prompted.

Pro Tip: Always double-check the date and items before hitting delete to avoid affecting previous periods.

Delete Inventory Adjustment in QuickBooks Online

If you're using QuickBooks Online, follow these steps:

Navigate to the Gear icon > Chart of Accounts.
Locate the Inventory Shrinkage or appropriate account.
Click View Register or Account History.
Find the inventory adjustment transaction.
Click to expand, then hit Delete.
Confirm the deletion when prompted.

Done! Your inventory numbers will instantly update.

When Not to Delete Inventory Adjustments

Deleting might not always be the best option. Here’s when to hold off:

Audited Periods: If the adjustment falls within an audited or closed accounting period, deleting may lead to compliance issues.
Linked Transactions: If the adjustment is connected to invoices, bills, or purchase orders, deleting can break the link.
Team Collaboration: If another team member added the adjustment, double-check with them first.

In such cases, it’s better to edit the adjustment or create a reversing journal entry instead.

Need help? Don’t risk breaking your books. Call a certified expert at +1(866)500-0076 for personal assistance.

Talk to a QuickBooks Inventory Expert — +1(866)500-0076

QuickBooks can be powerful—but tricky. If you're not sure whether to delete, adjust, or reverse an inventory entry, it's always safer to consult a professional.

Our certified QuickBooks experts are available 24/7 at +1(866)500-0076 to help you:

Audit inventory issues
Undo incorrect adjustments
Fix negative inventory problems
Balance COGS and valuation reports
Maintain clean financial records

Bonus: Tips to Avoid Inventory Mistakes in the Future

Mistakes are expensive—but preventable. Here are a few tips:

Use item tracking features correctly.
Reconcile inventory regularly.
Train staff on inventory input protocols.
Enable user roles with restricted access.
Run monthly inventory valuation reports.

Final Thoughts

Deleting inventory adjustments in QuickBooks is simple when done right. Just make sure you understand the impact on your books and always check the transaction details before deleting.

Remember: your business’s financial health depends on accurate inventory data. If you’re unsure at any point, don’t risk it—get help from our QuickBooks pros at +1(866)500-0076.