How do I clear imported Inventory list from Excel in QBO

QuickBooks Help QuestionsHow do I clear imported Inventory list from Excel in QBO
Justin M. asked 3 years ago

How do I clear imported Inventory list from Excel in QBO? I want to clear it all and start from scratch.

admin Staff replied 3 years ago

In QBO, you can’t permanently delete many things.

You have two options to hand this:

1) If you are within the first 60 days of starting your subscription, you can start from scratch in a new file. This deletes everything in QBO.
2) You can make items inactive but it will remain as inactive and still can make it active again. You can also make batch items inactive. If there is quantity on hand for items, it will be moved out from the Inventory Asset account to the Shrinkage COGS account. You will need to create a journal entry to debit Opening Balance Equity account and credit the Shrinkage COGS account, which should zero out both accounts.



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