turn off inventory valuation?
How can I turn off inventory valuation? I actually use a different program to track the value of my inventory, because the value fluctuates second by second based on current market prices. Whenever I need to run a Bal. Sheet, I enter in my inventory value through a other current asset account I have created for this purpose.
I have Enhanced Inventory Receiving on to track my inventory, and it has set up an Inventory Asset account that has really messed up my balance sheet as explained here:
Basically, all I want the inventory tracking to do is track actual inventory and then I will calculate the inventory value myself, because there are way too many complications in the calculations for Quickbooks to calculate it.
Is there a way I can turn off this inventory asset account and the inventory valuation that QB is automatically doing? I cannot run accurate statements until I figure this out.
Thanks in advance for the help!