I just ran a rebuild and it appears to have fixed the problem. I consider myself to be an advanced user of QuickBooks but, I never attempted a rebuild much less, thought about using it in this situation.

Thank You For Your Help!
Peter

Have you run a “rebuild” of the database lately? Examined the QBWIN.LOG file for errors to fix? Sometimes imbalances are due to database problems.

I’ve been reading your articles for some time and have finally subscribed. I have what I consider to be a unique problem. For some reason my balance sheet and inventory valuation report are $2,160.62 apart. I’ve narrowed it down to 4 part numbers (my company has about 1,300 different parts and assemblies), whose values are all zero on the inventory valuation summary but, when I run an analysis on the inventory account’s quick reports they all have balances that equate to the aforementioned difference. There are no journal entries to the inventory accounts so I can not figure out for the life of me why there is a difference? Any ideas on where the problem may be?

Thanks,

For things that do return, it depends on what version of QuickBooks you are using. You can just “sell” it at a zero price, then delete the invoice. Not a great solution but it works. You can even set up your shop as a “customer” and have all of these “invoices” there.

If you have Premier, you can turn on the “available inventory” feature, then put these items on sales orders. That removes them from “available” inventory, but doesn’t make a financial transaction. You can see all the items out on sales orders in several reports. You can either return them (delete them from the sales order) or end up selling them to the customer if you wish.

In Quickbooks, how do I account for inventory taken out of the warehouse for shows, repairing customer machines, etc… The inventory will return, but for the time, my physcal count does not match quickbooks.

Thanks