Obsolete Inventory
Occasionally inventory is obsolete, spoiled or damaged somehow and you need to get rid of it.
One way is to set up an account called something like “spoilage/obsolete” as a sub account of COGS. Then use inventory adjust, select the account “spoilage/obsolete” as the adjusting account and then lower the quantity on hand of the item that are no good anymore.
This assumes of course that you really do throw the items away.
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