What is the first step to adjust an inventory item in QuickBooks Online?

The first step to adjust an inventory item in QuickBooks Online is to go to "Products and Services." This section is where all inventory items are managed and allows users to view, create, and edit products and services that are part of their inventory.

When adjustments to inventory are needed, whether it be for quantity, value, or other reasons, the user must access the inventory management area to locate the specific item that requires adjustment. From there, the user can make the necessary changes to reflect accurate inventory levels and ensure that financial reports are up-to-date.

In contrast, navigating to "Sales" would not directly facilitate inventory adjustments, as this area is focused more on managing sales transactions rather than inventory management. The "Reports" section primarily provides insights and overviews of various financial aspects but does not allow for direct changes to inventory items. Similarly, the "Expenses" area focuses on tracking costs and expenditures rather than managing physical goods and stock levels.