QB Issue Resolution:

in QBO you have to enter a number in the qtyblock.

if you enter one, and it is initial stock then you also have to enter the date, the new item screen defaults to today’s date.

if there are none in stock and you are just creating the item, you still have to enter a qty, zero.

Resolution for Issue '“Business Validation Error: As of date for initial quantity on hand is required.” for Item creation' available: Yes (Solved).
Source: Intuit Community forum.

“Business Validation Error: As of date for initial quantity on hand is required.” for Item creation: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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