IF, you add inventory with qty and cost, that does increase equity – BUT it does not remove the expense you posted, nor does it counteract that amount on the P&L.

I do not know where you read that you can move it later, but there is a lot of bad […]

Resolution for 'CR Owners Equity issue: 'expensed inventory when purchased now I want to track. I can put in beginning quantity that DR Inventory CR Owners Equity. What is the next step?' available: Yes.

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

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