@FTech

your right I did not consider a zero dollar check, nice approach.

inventory valuation summary is used a lot by most everyone I run across, keep in mind that users are not well versed in (usually) accounting or QB.  Yes you could do the math to insure that your system total for inventory asset matches the balance sheet, but few will do it.

I use the IRS tables for depreciation, I believe in keeping the books on a tax basis, since I am not publicly listed and subject to the SEC regulations nor do I have the requirements of government contracting.

We'll agree to disagree on how handy using an inventory item would be, I can report on an asset account just as easily, and a fleet of vehicles can be handled the same way.