I'm here to share some insights as to how your inventory accounts are affected when turning on and off the Inventory tracking feature in QuickBooks Online (QBO), @pkyle.
The built-in inventory feature in QBO has everything you need to manage your inventory. Track what's on hand, get alerts when it’s time to restock and see insights on what you buy and sell.
When you turn off inventory tracking, your inventory accounts and their balances (as well as item quantities) won't be affected in any way and will still show the correct amounts. Your balances will depend on each of the items' affected accounts that you used in a transaction. Make sure you're using the appropriate one when manually tracking your income and expense transactions.
To turn off and on inventory tracking, please refer to this article for the step-by-step guide: Set up and track your inventory in QuickBooks Online.
Also, some reports are affected when you disable and then enable your inventory tracking feature in QBO. To know more about how these reports are impacted, I'd recommend checking out this article: Impacts of inventory tracking on balance sheet and profit & loss reports.
Let me know in the comments if you have other concerns about inventory tracking in QBO. I'm always around to help. Take care, and I wish you continued success, @pkyle.
