How do we clear negative asset value when there's no quantity in inventory from Quickbooks?

Hello there, leongautots. Let's work together to clear up any confusion and figure this out.

Have you tried pulling up the Inventory Valuation Detail report? You can do this by double-clicking on the -0.12 ASSET VALUE to see all transactions and any inventory adjustments linked to the figure shown in your Inventory Valuation Summary report.

With that, you can review the inventory item's starting value and change it to zero (0) to clear the figure. I also suggest consulting an accountant for other ways to clear the amount.

You also have the option to edit or delete an inventory quantity adjustment. See this article to learn more: Adjust inventory quantity on hand in QuickBooks Online.

Feel free to get back to this thread for any inventory-related questions. I'll be here to assist. Keep safe!