QB Issue Resolution:

Non-inventory items can have quantities of purchases and/or sales – but by definition there is no ‘inventory’ balance for those items (in QB), even if you physically do have stock. The value of any non-inventory items in stock may be unrecognized, or it may be included in some other asset account like raw materials, supplies or WIP.

Now that you have created the inventory item, use an inventory adjustment with both quantity & value to setup the current stock tally.  The offsetting ‘adjustment’ account would be either:

> if the asset value was previously unrecognized then it will be a credit to some COGS account such as supplies or raw materials.

> if the asset value was previously recognized in another account it should be adjusted back to that account.

Resolution for Issue 'How would you transfer a non-inventory item into an inventory item?' available: Yes (Solved).
Source: Intuit Community forum.

How would you transfer a non-inventory item into an inventory item?: 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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