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asset value: how do we zero out an asset value for a zero quantity

you can NOT zero out a value for inventory that is at zero qty on hand and still has a value in QBO

it is a bug in QBO from the start.

And the bug is significant especially since QBO does not allow you to designate the purchase that you are adjusting […]

Resolution for 'asset value issue: 'how do we zero out an asset value for a zero quantity' available: Yes.

The asset value 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 asset value issue yourself by looking for a resolution described in the article. If it is a complex asset value issue or you are unable to solve the issue, you may contact us by clicking here or by using other asset value support options.

For more information about resolving issues related to asset value in Quickbooks/QBO or to get support for the issue 'how do we zero out an asset value for a zero quantity', click the link below:

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asset value: What do I need to do? Despite deleting initially allocated products unit costs, P&L report still keeps capturing these costs as if the unit costs are still in place.

If “allocating costs” ,means you entered a cost for the inventory item when you created the item, without a qty on hand – that may be the issue.

Cost of inventory items comes from purchases.

run an inventory valuation summary report, look at each inventory item for asset value, if the value […]

Resolution for 'asset value issue: 'What do I need to do? Despite deleting initially allocated products unit costs, P&L report still keeps capturing these costs as if the unit costs are still in place.' available: Yes.

The asset value 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 asset value issue yourself by looking for a resolution described in the article. If it is a complex asset value issue or you are unable to solve the issue, you may contact us by clicking here or by using other asset value support options.

For more information about resolving issues related to asset value in Quickbooks/QBO or to get support for the issue 'What do I need to do? Despite deleting initially allocated products unit costs, P&L report still keeps capturing these costs as if the unit costs are still in place.', click the link below:

Details

asset value: Year end inventory: QB on hand -143 cost each $2.00, asset value $ (286.00), actual qty 14 @ $2.00 each ,my new asset value is $28.00, how do I input the new value?

There is no function in QBO to affect inventory item cost/value.  And you should not be adjusting value in normal operations.

If you had, -143 as the qty, then you sold what you do not have.  You need to enter a purchase for 157 if you have 14 on hand now.

If […]

Resolution for 'asset value issue: 'Year end inventory: QB on hand -143 cost each $2.00, asset value $ (286.00), actual qty 14 @ $2.00 each ,my new asset value is $28.00, how do I input the new value?' available: Yes.

The asset value 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 asset value issue yourself by looking for a resolution described in the article. If it is a complex asset value issue or you are unable to solve the issue, you may contact us by clicking here or by using other asset value support options.

For more information about resolving issues related to asset value in Quickbooks/QBO or to get support for the issue 'Year end inventory: QB on hand -143 cost each $2.00, asset value $ (286.00), actual qty 14 @ $2.00 each ,my new asset value is $28.00, how do I input the new value?', click the link below:

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