QB Issue Resolution:
Having small amounts in inventory valuation with a zero qty is wrong of course, but it is normal in QB.
In QB desktop you can fix that,
in QBO you can not.
It is a programming error, lack of foresight actually. QB keeps average cost, even FIFO is average cost per purchase
so buy 3ea for $10, average cost is 3.3333333333
sell them and QB posts 3.33 to COGS for the each sold
valuation, 10 – (3 * 3.33) = 0.01
Resolution for Issue 'I have a client who using inventory. They have ten products which have zero quantity but display small dollar amounts on the inventory valuation report. How can I clear?' available: Yes (Solved).
Source: Intuit Community forum.
I have a client who using inventory. They have ten products which have zero quantity but display small dollar amounts on the inventory valuation report. How can I clear?: 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.Support for dollar amounts
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