“is there a setting that you can change so you can have it deduct from inventory without invoicing?”

As I noted: There is a setting in Premier, in inventory preferences that will take the SO into consideration on the Reporting for management of inventory.

Nothing Literally removes it except You do that, […]

Resolution for 'consuming inventory issue: 'What do you do if a job is consuming inventory over a long period of time before billing takes place?' available: Yes.

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

For more information about resolving issues related to consuming inventory in Quickbooks/QBO or to get support for the issue 'What do you do if a job is consuming inventory over a long period of time before billing takes place?', click the link below: