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Other questions
@Malcolm Ziman wrote:
@Rustler wrote:cost of an item can not be changed in QBO once you have it stocked
It says Desktop, so then I think there is another way, using a dollar inventory adjustment, right?
People do that in desktop, and if they are careful and the timing is right, it works - but it can also mess up COGS if there was a sale.
And an auditor is going to see a value adjustment and want to see the paper trail for it, and the why - just makes no sense to tempt fate, or take the chance on messing up inventory average cost.
To each his own
Just because you can do something in QB, does not mean it should be done