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s_reynolds
February 22, 2023
Question

import of inventory bills adds to inventory value

  • February 22, 2023
  • 1 reply
  • 0 views

I imported several bills for our inventory suppliers as one line bills with our inventory account as the account.

I noticed that, of course, this increased the inventory value.  Unfortunately, this value would have been included in the inventory value from our former accounting system, is there another account I should have used for this purpose?

1 reply

T
Trish_T
February 22, 2023

Hi s_reynolds,

 

Thanks for connecting with us here.  It's important that you're able to import your data in QuickBooks Online seamlessly, so your books remain aligned.  In this situation, I suggest reaching out to an accounting professional.  If you don't have an accountant, you can locate a ProAdvisor here.  They'll have the ability to reclassify your transactions as a batch, so you can get back to business in a timely fashion.

 

If you have other questions, feel free to reach out again.  We'd be happy to help!

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