Adjusting YE inventory

[tam4771]

My client has not been using inventory items correctly. His inventory sub-ledger is off from the balance sheet, and neither balance is even close to actual inventory count.

He doesn't want to adjust item by item (there are over 200), he just want to adjust value as of 12/31/04 to match tax return.

Any ideas?

[Joey]

If he doesn't want to track inventory correctly in the program, he'll be better off to zero out all of the items, make them inactive, and create a couple of Non Inventory items to use that he can just make a journal entry to adjust whenever he needs to. There is no sense in using the Inventory items if they are not even close to being correct.