My question concerns inventory valuation. We need to be able to adjust/change the value of any specific inventory item, weekly. How can we do this?

Hi kelly85,

Being able to adjust your inventory to better track costs and on hand amounts is a great way to make sure your books stay accurate. I can help go over how to make these changes.

A great thing about QuickBooks Online inventory tracking feature is how easy it is to make adjustments. When trying to adjust the cost or sales price of an item, you can do so by going to: Sales>Products and Services. From there select edit beside the item you wish to update and change it to the new information. If you wish to adjust the inventory quantity on hand, you can follow the steps in this article. This will make changes to your stock asset and cost of goods sold accounts once completed so your accounts have the correct balances.

Hope this was able to help!