Inventory

I'll share some input about removing inactive inventory items in the Balance Sheet report in QuickBooks Online, 3290C. This way, I can guide you accordingly.

I agree that you can make the inventory item inactive in QuickBooks, and it will show in your Balance Sheet report. We cannot delete them to ensure your books will stay accurate.

The unsold inventory at the period end is an asset to the company and is therefore included on the balance sheet. As inventory is expected to be sold within a year, it is reported on the balance sheet as a current asset.

The total cost of all the inventory that remains at period end, reported as inventory on the balance sheet, plus the total cost of the inventory that was sold or otherwise removed (through shrinkage, theft, or other loss), reported as cost of goods sold on the income statement represent the entirety of the inventory that the business had to work with during the period, or goods available for sale.

Therefore, removing them from the report is currently unavailable. However, when you open the transaction, you will see a deleted status beside the item. This way, we can quickly determine that inventory is already deleted. See the sample screenshot below for reference:

With this, I suggest sending feedback to our product engineers. They can evaluate this and possibly incorporate it into the subsequent release. Let me guide you on how:

1. In your QBO account, go to the Gear icon on the upper right side.
2. Click Feedback under Profile.
3. Type your suggestion in the box and tap Next.

QuickBooks has a website where you can vote and give feedback for all future suggestions. For more details, visit this link: Customer Feedback for QuickBooks Online.

Visit these articles below on how to adjust inventory quantity and run reports to see your best sellers, what's on hand, the cost of goods, and more:

• Use reports to see your sales and inventory status.
• Adjust inventory quantity on hand in QuickBooks Online.

Be bold and buzz me if you need further help with your customer transactions and inventory in QuickBooks again. I'm well-trained, and I can lend you a hand. Take care, @3290C.