Two easy solutions come to mind. First, use an adjustment journal to write-out the full quantity at the current value and then write-in that full quantity at the appropriate new value. This maintains the same quantity, keeps the ledger in balance with the new value, and has the advantage of being done all in the same journal and perhaps ideally with a special journal name. I might even recommend posting this journal to the ledger in summary so it makes more sense there. Second, use the Adjustment under the closing and recalculation form to adjust the On-hand value directly. This process actually accomplishes the value only adjustment by impacting the Cost adjustment on the original inventory receipts that justify the on-hand value, but you take the ledger adjustment in the current period. If you use the Inventory value report to tie-out your ledger to inventory value, it handles this situation properly.
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