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billhdz
Level 5

Quickbooks Desktop 2021 Inventory part item "Sales Price" change?

Hello everyone!
I am using Quickbooks Desktop 2021 for MAC.
 
I need help with a question:
I am selling some postcards wholesale for $1.25 and I need to change the wholesale "Sales Price" from $1.25 to $1.00 moving forward.
Is it safe to change the "Sales Price" of an inventory part item?  Can changing this affect orders from last year?  What is the best way to do this?
 
I am attaching an example screenshot of this to show you.
Thank you in advance for your time!
Bill
Solved
Best answer March 31, 2022

Best Answers
MadelynC
Moderator

Quickbooks Desktop 2021 Inventory part item "Sales Price" change?

Yes, it’s safe to edit your item without affecting past orders, @billhdz.

 

You can modify your items at any time. Please know that changes will only apply to your current or new transactions. Open your inventory item as shown on the screenshot, then update the sales price.


Here’s an article that contains information about managing your items in QuickBooks Desktop for Mac: Add, edit, and delete items.


In case you’d like to do a physical inventory, check out this reference for complete instructions: Perform a physical inventory in QuickBooks Desktop for Mac.


I’ll be here to help if you need further assistance with your inventories. Just add a comment below. Have a great day, and always take care!

View solution in original post

10 Comments 10
MadelynC
Moderator

Quickbooks Desktop 2021 Inventory part item "Sales Price" change?

Yes, it’s safe to edit your item without affecting past orders, @billhdz.

 

You can modify your items at any time. Please know that changes will only apply to your current or new transactions. Open your inventory item as shown on the screenshot, then update the sales price.


Here’s an article that contains information about managing your items in QuickBooks Desktop for Mac: Add, edit, and delete items.


In case you’d like to do a physical inventory, check out this reference for complete instructions: Perform a physical inventory in QuickBooks Desktop for Mac.


I’ll be here to help if you need further assistance with your inventories. Just add a comment below. Have a great day, and always take care!

billhdz
Level 5

Quickbooks Desktop 2021 Inventory part item "Sales Price" change?

Thanks @MadelynC ,

 

That makes sense.  I was talking to a bookkeeper that uses Quickbooks and she was telling me to

"Create another separate cost and rename it something else" OR 

to "change the name in the Item List to a different name",

but that just didn't make much sense to me.   This can probably mess everything up or make things more complicated.

Your answer makes more sense to me.

 

Thanks!

MadelynC
Moderator

Quickbooks Desktop 2021 Inventory part item "Sales Price" change?

You’re most welcome, @billhdz. I truly appreciate your time in letting me know this.


I’m glad that I was able to provide you the information you need. Please know that your satisfaction is our prime goal.


In case you need ways and tips to manage your company. Feel free to visit this page: QuickBooks Support. Just select your product to view more topics and courses.


Looking forward to helping you again. Take care!

billhdz
Level 5

Quickbooks Desktop 2021 Inventory part item "Sales Price" change?

@MadelynC 

Thank you!!!

 

I just got a private message from Sarah Johnson ( QB Proadvisor ) saying "You Need to Contact QuickBooks Helpline team asap. at [removed]

Does this mean that there is more to this question than what you explained?

Should I contact the QuickBooks Helpline team asap?

 

Please advice. Thank you

Bill 

Rasa-LilaM
QuickBooks Team

Quickbooks Desktop 2021 Inventory part item "Sales Price" change?

Thank you for coming back to the Community, billhdz.


The security of your account is our utmost priority. That’s why we put together some tips to help you keep your information safe as you live your life online. You can browse this article for detailed information: Online security.


I recommend contacting our QuickBooks Online Accountant and ProAdvisor Support for further assistance. They can check if the person who contacted you is an accounting professional. If you wish to consult with trained accountants and bookkeepers, visit this site to find one: QuickBooks Certified ProAdvisor.


I’m adding some links below for additional resources. These articles will guide you on how to recognize official Intuit correspondence, websites, and ways to protect your business from fraud.

 


Reach out to me again if you have additional questions about inventory or concerns about QuickBooks Desktop for Mac. I’m always ready to answer them for you. Have a good one.  

billhdz
Level 5

Quickbooks Desktop 2021 Inventory part item "Sales Price" change?

Thank you @Rasa-LilaM 

 

I am not looking to contact a professional. As long as I know that @MadelynC  answer is correct.

it was strange to get a private message like that. I am wondering if the phone number provided is fake? Do you recognize the phone number?

billhdz
Level 5

Quickbooks Desktop 2021 Inventory part item "Sales Price" change?

Here is what the private message looks like.
[removed attachment]

MariaSoledadG
QuickBooks Team

Quickbooks Desktop 2021 Inventory part item "Sales Price" change?

Thanks for getting back to us, billhdz.

 

The screenshot you've provided has been removed for confidentiality purposes. However, we don't provide direct contact numbers to call aside from our Help section. It's possible that the person who sent you a private message is one of our ProAdvisor. But for now, we're unable to determine or recognize a phone number.

 

Furthermore, in case you'll want to know your company's financial standing, learn how to create reports. I've added these articles for your guide: 

 

 

Drop a comment below if you have any concerns about inventory. Remember, we're here to make sure we'll be able to address your concerns. Stay safe!

 

billhdz
Level 5

Quickbooks Desktop 2021 Inventory part item "Sales Price" change?

@MariaSoledadG 

 

Thanks Maria, but I think  ProAdvisors should not be SPAMMING people with private messages like this saying that is urgent to contact them. It makes legit good answers from Intuit people here ( like your self and @MadelynC  ) appear doubtful like they don't know what they are saying or explaining.  Also, by the ProAdvisor saying: "You Need to Contact QuickBooks Helpline team asap.", is a form of bait and switch and misleading. If anyone here  needs help from a ProAdvisor for complicated issues, we know to contact them if needed.

 

ProAdvisors need to be told this.

 

Thanks for your help and comments!

 

TirzahC
QuickBooks Team

Quickbooks Desktop 2021 Inventory part item "Sales Price" change?

Hello, billhdz.

 

I acknowledged and definitely understand how convenient this for you. We always want to hear your suggestions as we continue developing the product as best for your business. Feel free to send feedback to our Team about this one. You'll need to sign in to your QuickBooks Online account to share with us your insights about the feature you want to include or change in the program. Just go to this link: Quickbooks Online Accountant Support, Support for Accountants 

 

If you need help with your QuickBooks Online Accountant platform or your client's file, you can check out the help articles here:

 

 

If there's anything else that I can help you with, please let me know by leaving any comments below. I'll be here to lend a hand.

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