I am trying to set up a closing inventory account and the detail options are only cash accounts. Acct#4112 will not give me options of inventory type account?

Hello Sharon45,

Welcome to the QuickBooks Community. It's great to see that you're working with QuickBooks Online to manage your books and help with inventory tracking. I know having the right types of accounts set up for your business needs is important, and I'd be happy to guide you on working with the chart of accounts in the program.

As you've noticed, when creating new accounts in QuickBooks Online, there is the Account type and the Detail type to choose from. Since you're seeing cash detail type options, it sounds like you may have bank selected as the Account type. What I recommend here is checking on the other kinds of accounts available in the Account type drop-down to find the kind that you need. For instance, you may be looking for the Current assets type, where there's an option for Inventory in the Detail type drop-down menu.

The QuickBooks Community's Learn about the chart of accounts in QuickBooks article is a great resource for getting to know the different account types available to you, how they interact with your reporting, and how to manage them. I encourage you to give that article a read. You can also check out the article Set up and track your inventory in QuickBooks Online to see how QuickBooks Online reports and records your inventory.

I hope this has been helpful. Don't hesitate if you have further questions.