I set up inventory put notice as I buy new inventory it is not deducting from bank account

Welcome to the Community, @info1997.

Let me help and provide information about how to deduct from your bank after creating a new inventory in QuickBooks Online (QBO).

To begin, you need to create a purchase order, convert it to a bill, and then create a pay bill to deduct the amount from your bank account using the new inventory.

Here's how:

1. Go to +New, and select Purchase Order.
2. Choose a Vendor, and fill in the other details.
3. In the Item details, select the new inventory under the Product and Service.
4. Enter and amount, then select Save and close.

After creating a Purchase Order, convert it into a Bill. Here's how:

1. Go to +New, and select Bill.
2. Choose the Vendor that you select upon creating a Purchase Order.
3. Add the Purchase Order to the Bill.
4. Review the details and select Save and Close.

After converting it, you'll now then have to pay for it. Here's how:

1. Go to +New, and select Pay Bills.
2. Choose a payment account or your bank.
3. Find the Payee, and click the box.
4. Select Save.

After paying it, go to your bank register or bank. You can now see, it'll deduct the inventory from your bank account. Also, If you wrote a check or created an expense, make sure that the bank that you choose is correct.

For future reference, you can check this article to guide you on how to reconcile your accounts so they always match your bank and credit card statements: Reconcile an account in QBO.

Don't hesitate to leave a comment below if you have follow-up questions on how to deduct the inventory from your bank account. I will answer them in any possible way.