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04/19/2013 at 09:23AM PDT
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04/17/11 9:14am PDT
Viewed by asker 04/22/11 6:07am PDT

Inventory Asset vs Opening Balance Equity

US QuickBooks Premier

To start working with Quickbooks,I entered my raw materials (inventory parts) & finished products (inventory assembly) by cut & paste from Excel spreadsheet. The inventory asset and opening balance equity so not balance, what is wrong?

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The solution

You did something way wrong, and I am not sure what.

OBE equals the total of the value of the items entered if done right.

This is an excellent tutorial on using excel and importing.
http://qbblog.ccrsoftware.info...

I would start a new company file and start over using the above tutorial as a guide. Insure you note the area where Charlie talks about entering the initial starting quantities and value.

If I've helped, mark it solved.

My QB tips Blog >> http://onsale-apparel.com/Rust...

Targeted Tutorials - one problem - one solution>> http://community.intuit.com/po...
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