Can i rectify the start date of inventory items that I have entered incorrectly?

Yes, you can correct the start date for an inventory item in the Starting Value section of the Quantity on Hand tab in QuickBooks Online (QBO), MURTAZA.

Please note beforehand that if you've already used the items, changing the start date can impact their initial value. I recommend consulting your accountant for guidance before making changes. To proceed with the update, follow the steps below:

1. Navigate to Sales and select Products & Services.
2. Find the item you want to change and click Edit.
3. Under Quantity on hand, hit the Starting value box.
4. If a prompt appears, click Got It!
5. Change the start date in the As of date field.
6. When finished, click Save and close.

For more information on managing your products, scan this reference: Add product and service items to QuickBooks Online.

In QBO, you can access various reports to track best sellers, cost of goods, or inventory levels. To find the reports that best fit your business needs, check out the article: Use reports to see your sales and inventory status in QuickBooks Online.

Keep this thread in mind for any further inquiries or assistance you need. Our Community forum is always ready and available to help with your products and services inside QBO.