Hi,

Seems I've miscalculated amounts/quantities of inventory on hand as well as overlooked marking down inventory that did not arrive until the beginning of the next accounting period.

How do I make the corrections or adjustments?

Thanks.

If you can make the adjustments right in your inventory system that would be best.

I don't know what kind of system you are using or the exact nature of your errors. Could you be a little more specific. Was the error made in a prior period that is now closed? Please any more info you can provide would help me formulate an answer to your question.