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Inventory Value

"Hi, we have given our qbook online plus access for our auditor to audit for the year of 2017. They found the inventory value of aed.189,100.08 as on 31-12-2017 shows wrongly in qbooks and the diff 29580.05 should be more (supposed to be AED.218680.13). 

 

Kindly find the solution for the same and advise us what to do next?

2 Comments
QuickBooks Team

Re: Inventory Value

Hi there, ACBOOK.

 

We need to be able to review the inventory report for us to determine why the amount is different in QuickBooks Online. For us to do that, please contact our Chat Support for QuickBooks Online International. Here's how:

 

  1. Open this link: https://help.quickbooks.intuit.com/en/contact. 
  2. Select QuickBooks Online.
  3. Select a topic and a sub-topic.
  4. Click Send Email.

Don't hesitate to drop by again if you have other questions. 

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Established Community Backer ***

Re: Inventory Value

@ACBOOK

 

Where are you seeing the difference in value?

Run the inventory valuation report, do any of the items have a negative asset value?

Have you ever use the account inventory asset in a purchase transaction, an adjustment, or a journal entry - if so those are all incorrect and will cause the problem you are seeing

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