Can I increase decimal places of inventory unit cost ?

Thank you for inquiring about the setup of default decimal places for each inventory unit cost in transactions within QuickBooks Online (QBO), Naas. I'll provide more details below.

Currently, QuickBooks Online (QBO) doesn't have the option to set the default number of decimal places to more than two when entering inventory item purchases.

However, we understand how crucial this feature could be for improving accuracy in your financial management, particularly in avoiding rounding errors for businesses dealing with high quantities or very low-cost items per unit.

To help make this change possible, we encourage you to provide product improvement suggestions directly to our product engineers. Your suggestions are invaluable as they can significantly influence future updates and enhancements tailored to meet the needs of our users.

Here's how you can submit them:

1. Head to the Gear icon, then select Feedback.
2. Enter your ideas or recommendations in the box provided.
3. Once done, submit it.

You can also refer to this article for additional information on how to manage inventory and track them in QBO: Set up and track your inventory in QuickBooks Online.

Lastly, I'm providing this article on how to use reports to gain insights into your sales status. It will guide you on which reports to run based on the information you need: Use reports to see your sales and inventory status in QuickBooks Online.

If you have further questions regarding inventory in QBO, I'll be available to help you at all times. Have a great day!

@naas-datacolor 

You can use n inventory management app as a workaround and integrate it with QBO.