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S
SergeiG
January 19, 2024
Question

"Inventory Starting Value" doesn't affect a balance

  • January 19, 2024
  • 1 reply
  • 0 views
Hello.
I converted my online store business from Sole Proprietor to Corporation and started to use QB Online Plus from this point.
I transfered all goods to Corporation and added their amounts to QB as "Inventory Starting Value". So, Corporation owed me money for these goods. However, I don't see it in balance.
 
As a result, I have several questions:
1) How to reflect the owed amount in balance?
2) Is there any way to see/download full list of goods added as "Inventory Starting Value".
 
Thank you.

1 reply

T
Trish_T
January 19, 2024

Hi SergeiG,

 

Thanks for reaching out here.  QuickBooks Online provides several reports for each area of your books.  You can view the inventory values at a glance.  Here's how:

 

1. From the left menu, open Reports

2. In the Search field, type and enter Inventory valuation detail

3. Click Customize

4. Choose the Report period

5. Select Change columns, to select what you want to see

6. Open the Filter to choose your preference to filter by Product/Service, or Service Date

7. Hit Run report

 

As you'd stated you have multiple questions, I encourage you to contact our Customer Care team.  With your consent, they'll be able to work with you in real time, and ensure you're able to accomplish your QuickBooks goals as soon as possible!

 

Feel free to reach back out, if you have any other questions or concerns.  We're here to help!

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