So, the first one this happened to was the owner. She is the Master Admin but when she couldn't log in. She actually had to be re-added yesterday by QBO. Once...
The cost of inventory items should not go to Opening Balance Equity (OBE) account and it can not be moved to another account since it would just lock it in to t...
You are on the right track! When you purchase something that will be sold, it goes into an asset account. For most, that would be something like Inventory Asset...