Can I fix inventory value errors showing on my valuation report caused by COS rounding errors when an item is sold? e.g Qty of stock is 0 however showing -0.02 as value.

With the Inventory adjustment function, you can handle discrepancies in your items/services quantity on hand (QOH), -keehnautos-com-. Let me share more information about this.

Before doing so, it's recommended that you work with an accounting professional, as this procedure is complex and can impact your books.

Here's how to enter an inventory adjustment:

1. Click + New and select Inventory qty adjustment.
2. Enter the Adjustment date.
3. In the Inventory adjustment account dropdown, select the appropriate account. (Note: The description and current quantity on hand auto-populate.)
4. For each item, enter either a new quantity or a change in quantity.
5. In the Memo field, enter the details about the adjustment.
6. Select Save and close.

If you want to edit an item's designated account or classification, you can utilize these articles as your guidance:

• Change the account for a product or service item in QuickBooks Online
• Change product and service item types in QuickBooks Online

I'll be around if you need further assistance with managing your inventory items. We're eager to help, -keehnautos-com-.