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    euphemia's Avatar
    euphemia Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 13, 2009, 04:59 AM
    Correcting ending inventory error for next period
    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.
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
    Senior Member
    		  
    #2

    Mar 13, 2009, 10:29 AM

    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.
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