Invoice Qty versus Inventory Valuation Detail Qty

The way the quantity (Qty) is displayed in the Inventory Valuation Detail report is based on QuickBooks Online First In, First Out (FIFO) inventory costing method, Renee.

Firstly, I want to thank you for providing detailed information as well as a screenshot.

FIFO means that the oldest inventory you purchased is assumed to sell first, and newer inventory remains in stock.

When you restock a stock item, QuickBooks will first deduct the items that were already in stock, followed by the recently acquired items. This is the reason why your report is displaying a split.

Thus , QuickBooks is designed to operate this way, ensuring accurate inventory tracking, and there isn’t an option to change this setting.

For more details about FIFO and its impact on inventory tracking, check out the article: What is FIFO and how is it used for inventory cost accounting.

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