Some inventory reports have the option to add the memo column. Let walk you through how.
Go to Reports, then Inventory.
Select Inventory Valuation Detail. Then, click Customize Report at the top.
Type Memo in the Search Columns field.
If the above report isn't what you're looking for, you'll want to click on the transfer to view the memo. For more in-product related articles about inventory. Just go to QuickBooks Desktop Help or press F1 on your keyboard.
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Using that memo field doesn't pull that data field. It appears QuickBooks has 2 different memo fields one related to the inventory transaction and one related to the inventory item. The memo in the customize columns is related to inventory times as i said before.
Thanks for getting back here in the Community and providing more details about your concern, @jasonagosti.
An Inventory Valuation Detail report shows each item within the transaction, which is why the memo is not being used but instead the description for each line. You'll have to run and filter the Custom Transaction Detail report to show the memo field for the transactions. I'll guide you how:
Go to the Reports menu at the top then choose Custom reports.
Select Transaction Detail.
On the pop-up window, click the Filters tab.
Enter Transaction type in the Filter search bar.
Under the Transaction type drop-down, pick Inventory Adjustment.
Hit OK once done.
Please see screenshots below for visual reference: