19 Nov 2017
You being a QuickBooks user, if you detect any technical or possible error in your item list there is a secure process of avoiding mistakes that will happen in the future is by using the incorrect items to make them inactive. When an item is inactive and still can be viewed in reports however, it is not included in any drop-down lists on sales or purchase transactions. Thus if you want to know “What happens to the value of stock when you make an item inactive in QuickBooks”, then lets check out the process here..
When you make an item inactive in QuickBooks, it does not have any impact on the company’s financials. Nothing happens to the value of stock but making an item inactive hides it from your list of items. Therefore, there is no impact on any values or balances. If you want to correct your financials, you need to choose one of two options. They are as follows:
Before attempting the changes, make a backup of your data and always discuss the method you choose with your accountant.
If the checkbox is grayed out, you failed to turn out any item inactive. After making the first item inactive, you can select the checkbox.
How we were in detail while answering your query on “What happens to the value of stock when you make an item inactive in QuickBooks”. If you are still in doubt about how to make things work in quickbooks then try our toll free Quickbooks Canada Support number at 1800-940-7442. Even if you are a US resident still you can give us a call and we will resolve your every issue.
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We are a Quickbooks consulting firm that takes care of all the issues that people might ever face within the program. If you are using Quickbooks and are continuously faced with bugs then we are here to resolve. You can connect with us for errors related to Quickbooks, Technical issue or Accounting Issues within the software. Get in touch with us via:
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Disclaimer: QBpro.ca is a reputable QuickBooks® Consulting firm that provides professional support services related to your accounting software. It is also a front-runner in providing 3rd party technical support services for quickbooks.
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