Let me walk you through how to handle your situation, @Repurposed. My top priority is to ensure that your inventory management is successful.

QuickBooks Online doesn't have a direct feature to transfer inventory between SKUs. But there's a method to achieve your goal. We can manually create an adjustment to keep track of the movement of quantities from one SKU to another.

Before we proceed, note the quantity you'll want to move to the new SKUs depending on their color. 

To proceed, let's open the original SKU:

1. Click +New, then select Inventory qty adjustment.
2. In the Product column, choose the new SKUs and add the original SKU. 
3. Enter its updated quantity amount in the New QTY column. 
4. Hit Save and close. 

Please see the attached screenshots for visual reference.
 

It's always best to consult your accountant to ensure the accuracy of your inventory. If you don't have one, you can find a professional through this link: https://quickbooks.intuit.com/find-an-accountant/. 

Moreover, you can generate a report that provides detailed information on the performance of your business, such as the number of products sold, the revenue generated, and the profit margins. 

I'm always here to lend a hand and ensure you receive the help you need, @Repurposed. If you need additional assistance with your inventories, click the reply below. Have a good one! 

Thanks, @ShyMae!

Hello there, @Repurposed.

I can provide details about your inventory assembly concern in QuickBooks Online (QBO).

In the case of new variants, there is a cost associated with manually editing the cost per item. However, Shymae's process ensures that adjusting the quantity of the item does not affect its value.

The value of 10 x M-Blue can differ significantly based on the item configuration and cost entry method. It's essential to ensure that accurate information is entered to determine the best possible value. By doing so, you can ensure that you are making the most of your investment and getting the best value for your money.

But before that, I'd recommend consulting with your accountant to get guidance on handling your accounts accurately. If you don't have one, please visit this link: Find an accountant.

Check out these articles for more details:

• Adjust Inventory Quantity On Hand In QuickBooks Online
• Edit An Inventory Quantity Adjustment

Keep us updated in the comments if you have further questions about your inventory in QuickBooks Online. We're just a reply away. Keep safe and have a good day.

Wow... That is very... not helpful.

My accountant understands accounting. He knows my end goal is to get the items from the PRODUCT SKU to the PRODUCT-COLOR SKUs. He says I should maintain the actual costs of those items when moving them. But he doesn't understand how QBO works the way you folks do. Well, should.

When I do what was suggested earlier—adjusting inventory down on PRODUCT and then adjusting inventory up on each PRODUCT-COLOR, what is it assigning as the cost of the items that were adjusted into inventory? I know when adjusting quantities down, it's going adjust the value of the Inventory Asset and Inventory Shrinkage (or other, if I so choose) account. 

When I adjust an item's quantity UP, what is it doing? Assume PRODUCT-COLORs are new items, never before purchased, so there is no cost average to work with. Are items added to inventory at no cost? Does that inventory have no value? Does QBO try to balance what was added with what was subtracted in the same adjustment? Or do we just not know?

Perhaps if the QuickBooks employees don't understand what I'm asking, someone with practical experience can jump in here.

Good afternoon, @Repurposed. 

I appreciate you coming back and giving us some additional details. 

Since you're having trouble getting a direct answer, I recommend contacting our Customer Support Team for further assistance. They'll be able to use a screen share tool to review your account with you and explain some more information in details for you. Here's how: 

1. Go to the Help ? icon in the top right-hand corner. 
2. Press the Contact Us button. 
3. Enter your question and tap Let's talk. 
4. Scroll down and choose to Get a callback. 

Keep us updated on how the call goes. I'm only a post away if you need me again. Take care!