QB Issue Resolution:

inactive means just that – its gets it off the list of active items, it does not mean delete which you can not do in QBO.

Sounds like when you added the items you did so with qty and value, the only way I know to fix this is a major PITA.  In the chart of account use the register for inventory asset, scroll and find each item that has the word START, edit that entry to zero qty and zero value, save, do another

Resolution for Issue 'I uploaded a wrong inventory last September, I made it inactive in the products list. However, upon opening the chart of accounts, it’s still added in the Inventory Asset How can I remove this from the chart of accounts so I’ll have an accurate inventory amount? Thanks in advance for all the help QuickBooks Online' available: Yes (Solved).
Source: Intuit Community forum.

I uploaded a wrong inventory last September, I made it inactive in the products list. However, upon opening the chart of accounts, it’s still added in the Inventory Asset How can I remove this from the chart of accounts so I’ll have an accurate inventory amount? Thanks in advance for all the help QuickBooks Online: 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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