Re: Rate from my vendor bill doesn't add up to inventory cost under Product/ Services. How to connect rate to inventory cost? Should I manually change cost every time?
Jen_D said Currently, updating the item rate on your bill does not update the original cost in the Products and Services. Of course it does, the rate on the bill is how inventory items get the cost per item per purchase.
For you to add a new value, you'll need to edit your inventory items one at a time. You do NOT adjust item value, and in QBO you can not do that anyway