cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Get unlimited expert tax help and powerful accounting in one place. Check out QuickBooks Online + Live Expert Tax.
AboutYH
Level 1

Moving from Quickbooks Desktop to Quickbooks Online - Inventory Error

Moving from QuickBooks desktop to QuickBooks online. Attempted to move company file to online version and received the following error:

QuickBooks Online requires the asset account type for inventory items to be Asset or equivalent. Please change the account type for this item from 'Product' to 'Asset' or equivalent.

 

I know very little about Quickbooks. I have looked everywhere to find an answer to the questions - How do I universally change inventory from product to asset in desktop? Must I change each item individually? I have hundreds of items.

 

I can't proceed with switching to online until I resolve this inventory issue. 

 

Any help would be greatly appreciated.

4 Comments 4
FritzF
Moderator

Moving from Quickbooks Desktop to Quickbooks Online - Inventory Error

Hi, @AboutYH.

 

I can share some details about changing or editing the account type for your inventory items in QuickBooks Desktop (QBDT), so you can move your data to QuickBooks Online (QBO).

 

You can use the Add/Edit Multiple List Entries feature in QBDT to change the account type for your inventory items at once. This way, you don't have to edit them individually.

 

Here's how to do it:

 

  1. In QBDT, go to the Lists menu at the top.
  2. Choose Add/Edit Multiple List Entries.
  3. Pick the inventory type in the List drop-down.
  4. Enter the necessary changes in the Asset Account column.
  5. Highlight the new account, and right-click on it. Then, select Copy Down.
  6. Click Save Changes.

 

To learn more about managing and editing your inventory items in QBDT, consider checking out this article: Add, edit, and delete items.

 

Once done, you can now proceed with moving your data from QBDT to QBO. You can refer to these articles for further guidance:

 

 

For more tips and other resources, I recommend visiting our website for future reference: Self-help articles.

 

Let me know if you have additional questions about this process or anything else QuickBooks. I'm more than willing to help. Take care and have a good one.

Fiat Lux - ASIA
Level 15

Moving from Quickbooks Desktop to Quickbooks Online - Inventory Error

@AboutYH 

Do you have QBO Simple Start or Essentials?

 

AboutYH
Level 1

Moving from Quickbooks Desktop to Quickbooks Online - Inventory Error

Thank you! I will give it a go.

Tori B
QuickBooks Team

Moving from Quickbooks Desktop to Quickbooks Online - Inventory Error

On behalf of my colleague, FritzF, you're certainly welcome, @AboutYH

 

Please let us know how things go or if you have any additional questions or concerns. We are always here to lend a hand. 

 

Take care, and have a wonderful day ahead! 

Get answers fast!
Log in and ask our experts your toughest QuickBooks questions today.

Need to get in touch?

Contact us