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Level 2

I am looking for a stock expert? I have a few questions as to how QB deals with certain things. Can anyone help, please?

 
3 REPLIES 3
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QuickBooks Team

I am looking for a stock expert? I have a few questions as to how QB deals with certain things. Can anyone help, please?

Hello15, We will be able to assist you 😁🛠️. What is it that you need assistance with? Please advise. Thanks 

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Level 2

I am looking for a stock expert? I have a few questions as to how QB deals with certain things. Can anyone help, please?

Hi Becky29

 

I want to start tracking stock for a client and I have his year-end figures as a starting point. However, there have been transactions made and if I put 31.12.2019, it is the incorrect date and the system won't allow it. I don't really want to back out what's already gone in but I also don't want the four months worth to disappear or to go the Opening Balance Equity as this would not be right either. Can you help, please?

 

Thank you 

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QuickBooks Team

I am looking for a stock expert? I have a few questions as to how QB deals with certain things. Can anyone help, please?

Hi @hello15,

 

While we're unable to create an entry before the opening balance date, you'll want to consult your accountant. This way, you're tracking your stocks properly and handle the existing transactions accordingly.

 

We also have a page on finding an accountant or bookkeeper that I'm sure you'll find helpful. Here's the link: https://quickbooks.intuit.com/uk/find-an-accountant/.

 

Please know that we're always here if you need help with anything else so don't hesitate to swing by. Thanks for dropping in, more power to your business.