Which of the following is NOT a step involved in adjusting an inventory item in QuickBooks Online?

The process of adjusting an inventory item in QuickBooks Online involves several specific steps to ensure that the inventory records are accurate. One key step is to select "Adjust Quantity," which allows users to make changes to the total number of items in stock. Finding the item is also essential, as adjustments can only be made to specific products or services listed in the inventory. Choosing "Products and Services" is relevant because this is the section where you’ll access your inventory items.

Selecting "Edit Item" is not a necessary step in the adjustment process. While editing an item may allow for changes to its description or other details, it does not directly relate to the adjustment of quantity on hand. Thus, the correct choice is that "Edit Item" is not involved in the fundamental procedure for adjusting inventory quantities.