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Level 1

Will turning on advanced inventory in2018 Quickbooks Enterprise for manufacturing change the history for the inventory items?

I did not see anything about inventory value history changing when advance inventory is turned on.  This is why we have not used it yet.

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QuickBooks Team

Will turning on advanced inventory in2018 Quickbooks Enterprise for manufacturing change the history for the inventory items?

Hi wendyf,

Let me share some information about the Advanced Inventory in QuickBooks. 

The Advanced Inventory feature in QuickBooks 2018 won't change your inventory items history unless if you use the FIFO method. This method turns all of your inventory as of that date into one large cost lot

Additionally, this feature will also enables you to use these functionalities:

  • FIFO costing
  • Multiple location inventory
  • Bar code scanning
  • Bin or lot tracking
  • Serial or lot numbers
Here's an article for more information: 


If you have additional questions, don't hesitate to let me know. I'll do my best to answer them for you. 
Highlighted
Level 1

Will turning on advanced inventory in2018 Quickbooks Enterprise for manufacturing change the history for the inventory items?

can I change to FIFO as of a date in the past?
Highlighted
QuickBooks Team

Will turning on advanced inventory in2018 Quickbooks Enterprise for manufacturing change the history for the inventory items?

Hello @alison,

Is this the first time you want to set up FIFO? If so, you can start tracking FIFO on any date. Please note that the initial start date you enter can't be changed.

If you have additional questions, don't hesitate to leave me a message below.
Highlighted
Level 1

Will turning on advanced inventory in2018 Quickbooks Enterprise for manufacturing change the history for the inventory items?

What happens if I turned on advanced inventory and FIFO as of beginning 2017, then turn off FIFO at a later date? Can QB Enterprise deal with that change back correctly?

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