Rogue stock quantities are often caused by incorrectly tracked transactions, tweed.
Could you please clarify which stock report you were running? Specifically, did you use the Stock Valuation Summary or the Stock Valuation Detail report? In the meantime, I recommend comparing the quantities for the specific item across both reports to see if they match.
If the quantities are the same on both, click the Quantity figure in the Summary report to drill down into the transaction history. This often reveals a mistracked entry that left a ghost quantity behind.
As for the zero asset value, this typically happens if an item was created without an initial cost. Once you edit the item to include the correct cost, the asset value should update to reflect your purchases accurately.
You can also visit this article to help you view and customize stock reports within the program: Run Stock Reports in QuickBooks.
Return to this post if you have other questions or concerns.
