Hi, @expeditionimports! You're in the perfect spot to get help correcting pending builds from the closed Accounting period in QuickBooks Desktop (QBDT).
Deleting a build from prior years can significantly impact accounting and inventory management by causing inaccuracies in inventory adjustments, losing critical historical data, creating reconciliation issues, and requiring adjustments to related transactions.
Therefore, instead of deleting these builds, it is advisable to use corrective entries or adjustments that maintain historical data integrity while resolving discrepancies, ensuring data accuracy and compliance with accounting standards. It is advisable to explore alternative methods for correcting discrepancies without altering historical data.
However, I recommend consulting with your accounting professional for this one. Your accountant can review your books and advise the best way to record the entries based on your business needs. If you don't have an accountant, don't sweat it. You can find one here in our Resource Center.
In addition, I'll share this article to know which report will help with inventory management: Track the products you manufacture.
If you need to modify the quantity or total value of your product in QuickBooks Desktop to ensure the accuracy of your inventory records, follow this link: Adjust your inventory quantity or value in QuickBooks Desktop.
I’ll be around the corner if you need an extra pair of hands to manage your pending builds in QuickBooks Desktop or any QuickBooks-related matters, @expeditionimports. Stay safe!
