Be very careful choosing an account to enter in the Account column!

If you choose the account for items lost or stolen, for invoices not recorded for sales, or for purchase orders not recorded, keep in mind that the value of the item's inventory asset account will change when you record the transaction. This is probably the most common entry in this type of inventory adjustment.

If you correct a mistake made when you first entered your item information into AccountEdge, however, the inventory asset account's value will not change. In most cases, you will want the value of the inventory asset account to change, so be very sure you want the account's value to remain the same before you enter that account in the Account column.