Hello there, tyranl-hotmail-c.
Let me help ensure your inventory will be accurate.
Inventory items have three accounts. These are:
- Expense = COGS
- Income = your sales income account
- Asset = inventory asset
You'll want to make sure they are set up correctly. Here's an article for the detailed instructions: Add stock products in QuickBooks Online.
Also, can you let me know the specific issue and task you're trying to achieve in QBO? This information will help me provide an accurate resolution.
You can also check this article about the impact of stock tracking on your reports.
I'm looking forward to your reply.