Repurposed
Level 3

Other questions

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.