How do you adjust inventory product asset values? I have several products in the "Inventory Valuation Detail" report with 0 qty on hand, but a negative asset value.

Thanks for alerting us about the unusual calculation in your product asset values when running the Inventory Valuation Detail report, @miranda16

In the meantime, I recommend reviewing your inventory or items that you added to QuickBooks Online (QBO). Please check if the starting value is set up on your inventory. If only a starting quantity is added on an item without the sales price or cost price, this will calculate a negative asset value once you use them on the invoices.

Here's how to review your products and services:

1. Select Products and services from the Gear icon.
   
   
    
2. Look for the item/s from the list, then hit Edit under Action.
   
   
    
3. Review the inventory from there.
   
   
    

I'll also recommend contacting our Care Support team to know if they can adjust the asset value from there. Our representative has the advanced tools to investigate it further and might fix this internally.

Here's how:

1. Click the Gear icon on the top right.
2. Go to the Search tab and then hit Contact Us.
3. Enter your concern about the asset value calculation.
4. Tap Continue.
5. Choose to start a Chat or get a Callback.

For additional references about managing inventory in QBO, check out these articles:

• Set up and track your inventory in QuickBooks Online
• Can I track inventory manually in QuickBooks Online?
• Fix negative inventory issues in QuickBooks Online

Please tag me to see your updates here. If you need additional assistance with the asset value calculation, feel free to comment. I'll be back to help you more. Have a great day!