If you have QuickBooks Desktop file older than 2015 with inventory items and try to convert to QBO, read this article first. You will need 2015 or newer version to import inventory properly. They offer you the latest trial version. Click here for trial links. This is for US version only.
Note: Even with this latest version of QBD, you may experience some issues with inventory in QBO. Also, you may want to a 100% physical inventory, and adjust current qty to match in desktop before exporting to QBO. There is no value adjustment in QBO.
This new update in February 2016 may have resolved the crucial “Inventory Starting Value” adjustment issues. It’s very important to note that they release these new features to users on their incremental plan. Hope all users will see it soon.
For adjustment, go to the chart of accounts > select Inventory Asset account > click “View register” under Action column > locate “Inventory Starting Value” row item > click “edit” and make necessary adjustments that include quantity, starting as of date, cost, adjustment account, and the memo field.
With this new update, they may have also resolved quantity update delete “error -30006” issue as well.
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