Most of them had no idea of the implications of their failure to follow the instructed best practice. (I will discuss my use of the word ‘hopefully’ later in this article.)Įven though the ProAdvisor community has told QuickBooks users to 'never make an item inactive if it has quantity-on-hand,' that hasn't seemed to stop them from doing so. Now, Intuit has further improved that reporting in the newly released versions of QuickBooks 2019. With a single-click, inactive inventory items can be included in Inventory Valuation Reports which permit the total of those reports to ‘hopefully’ match the value of your Inventory Asset account(s). QuickBooks 2018 versions offered some inventory reporting enhancements.
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