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Aug 11, 2021 1:39 PM UTC
Question

inventory shows zero asset on Inventory Valuation Detail Report or any other reports

some of my inventory shows zero asset on Inventory Valuation Detail Report or any other reports... how to fix this.. i dont want to strt over... when i check adjust strting value in products and service it shows intial cost as zero and intial quantity as old quantities i had..this happened after adjust quantity

1 reply

Aug 11, 2021 4:57 PM UTC

Thanks for reaching out to us, Abdul 786. 

 

Let's make sure to figure this out together.

 

May I know why you've created an Inventory Adjustment? If adjusting the quantity isn't necessary, you may consider deleting the adjustment you've made. I'll walk you through how:

 

  1. Go to the Search icon on toolbar and select Advanced search.
  2. From the All Transactions drop-down, select Inventory Quantity Adjustment.
  3. Click on Search.
  4. From the search results, select the adjustment you need to delete.

I'd also suggest consulting your accountant regarding the adjustment and the affected asset. This way, we can assure your books are accurate.

 

In addition, I've added these articles for more details on handling inventory in QBO:

 

Please let me know how it goes. I'll be around if you have follow-up questions about managing your inventory.