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Former Member
May 21, 2010 at 06:30 PM

How to change the item codes in inventory ?

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Last March, some of our inventory was reclassed as spare parts. This inventory was given new inventory item codes and account was change to other assets. It was discovered that only new inventory purchases was coded using the new item codes and GL account, not items in inventory. Is there any way to change the item codes in inventory to the spare part item codes at this time? We can make a journal entry to credit inventory and debit spare parts, but the inventory reports by item code will always be off by the items that are coded incorrectly.