year-end-accounting

How do I revaluate my inventory?

It is important to make sure that there is consistency between your physical inventory and the inventory maintained in Zoho Books. In case your items have dropped in market value, you may be able to claim deductions for them.

To adjust the value or quantity of the goods in your inventory:

  • Go to Items module from the sidebar and select Items Adjustments.
  • Click + Make an Adjustment.

Make inventory adjustment

  • Choose whether you want to make a value or quantity adjustment.
  • Select the item name as well as the account to record the change (If it is a depreciation then choose depreciation account).
  • Add a reason for making the adjustment and click Save.  

Now, the value or quantity of the goods in your inventory will be adjusted accordingly.


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