Inventory: how do restaurants and retail food keep track of damaged, loss, theft inventory?

[kathryncoughlin]

I have a wine and spirits store with some specialty foods. When the go out of code, I remove them from Inventory (Square for Retail) and assign a reason, "damaged." I need a report that will tell me the inventory value of all that was written off due to damage to enter into Quickbooks as a journal entry. 

How do you do it for accounting purposes?

[Alex_]

Hello @kathryncoughlin,

Thank you for posting in the Seller Community.

For this question, we recommend contacting our Retail Team directly. They will be your best resource in getting this inquiry addressed. Also, having a specialist that can look into the specifics of your account will be highly beneficial.

Check out ways on how to get in contact with them by visiting here.