Set Up Inventory Items 6300 Xero 2022 -2023

Set Up Inventory Items
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Xero 2022 -2023

[@brianthomsen3251]

We are bringing inventory in from quickbooks to Xero. Items have been individually entered into Xero using cost of goods sold 310 and sales account 200 and inventory assett 630. We're planning a physical count of items we have in stock and adjusting each item. When we increase the quantity of the item what should we use as an adjustment account. I am thinking cost of goods sold 310. You used owners capital 3000 beginning balance. How should we set this up? Thanks

[@WGSTJ]

He sounds like Calfreezy. Loved the video, very helpful

[@AccountingInstruction]

Thanks for sharing! Please don't forget to subscribe for more! :))