QuickBooks offers several methods for tracking inventory. All methods create journal entries when inventory changes occur. However, some QuickBooks users prefer to manually make journal entries to ...

An inventory write-off is an accounting term recognizing a portion of company's inventory that no longer has value. It will be written down if it still has any value.

If you write down $10,000 of inventory to $2,000 , you make an Inventory Reserve journal entry for $8,000 . Pairing this ... Bananas, for example, become worthless faster than office chairs.