{"id":55,"date":"2019-04-23T16:14:46","date_gmt":"2019-04-23T16:14:46","guid":{"rendered":"https:\/\/quickbookexperts.com\/Blog\/?p=55"},"modified":"2019-05-20T21:36:44","modified_gmt":"2019-05-20T21:36:44","slug":"inventory-valuation-amounts-in-point-of-sale-and-quickbooks-desktop-do-not-match","status":"publish","type":"post","link":"https:\/\/quickbookexperts.com\/Blog\/inventory-valuation-amounts-in-point-of-sale-and-quickbooks-desktop-do-not-match\/","title":{"rendered":"Inventory valuation amounts in Point of Sale and QuickBooks Desktop do not match in 2019"},"content":{"rendered":"<h3>Why ? <strong>Inventory valuation amounts in Point of Sale and QuickBooks Desktop do not match in 2019\u00a0<\/strong><\/h3>\n<p>Find out why the amounts in your Inventory Valuation amounts in Point of Sale and QuickBooks Desktop are not the same.<\/p>\n<p>An Inventory Valuation report consists of the monetary cost of your items that make your inventory, summarized data of quantity, average cost, and extended value.<\/p>\n<p><a href=\"https:\/\/tawk.to\/QuickbookExperts\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-166 size-full\" src=\"https:\/\/quickbookexperts.com\/Blog\/wp-content\/uploads\/2019\/04\/Screenshot-75.png\" alt=\"QuickBooks Inventory Value \" width=\"1625\" height=\"819\" srcset=\"https:\/\/quickbookexperts.com\/Blog\/wp-content\/uploads\/2019\/04\/Screenshot-75.png 1625w, https:\/\/quickbookexperts.com\/Blog\/wp-content\/uploads\/2019\/04\/Screenshot-75-300x151.png 300w, https:\/\/quickbookexperts.com\/Blog\/wp-content\/uploads\/2019\/04\/Screenshot-75-768x387.png 768w, https:\/\/quickbookexperts.com\/Blog\/wp-content\/uploads\/2019\/04\/Screenshot-75-1024x516.png 1024w, https:\/\/quickbookexperts.com\/Blog\/wp-content\/uploads\/2019\/04\/Screenshot-75-119x60.png 119w\" sizes=\"auto, (max-width: 1625px) 100vw, 1625px\" \/><\/a><\/p>\n<p>The data on the report should ideally reflect the figures of Inventory Asset in the Balance Sheet, given the following conditions:<\/p>\n<ul>\n<li>You started using QuickBooks Desktop and POS company files at the same time<\/li>\n<li>No transactions affecting inventory were entered in QuickBooks Desktop<\/li>\n<\/ul>\n<h3 id=\"toc-hId-1453821408\">What happens after importing your items from QuickBooks Desktop to Point of Sale?<\/h3>\n<p>Items in QuickBooks doesn&#8217;t automatically transfer to Point of Sale unless you import the items.<\/p>\n<p>Since the items were imported in Point of Sale, the Inventory Valuation Report in QuickBooks Desktop will be zeroed out because of the quantity adjustment that occurred during import.<\/p>\n<h2 id=\"toc-hId-840988287\">Compare the reports<\/h2>\n<ol>\n<li>Open the Inventory Valuation report in Point of Sale.\n<ol start=\"1\">\n<li>From the\u00a0<strong>Reports<\/strong>\u00a0menu, select\u00a0<strong>Items<\/strong>\u00a0then\u00a0<strong>Inventory Valuation<\/strong>.<\/li>\n<li>Select\u00a0<strong>Today<\/strong>\u00a0for the date.<\/li>\n<li>Select\u00a0<strong>Apply date<\/strong>.<\/li>\n<\/ol>\n<\/li>\n<li>Open Balance Sheet Report in QuickBooks Desktop.\n<ol start=\"1\">\n<li>From the\u00a0<strong>Reports<\/strong>\u00a0menu, select\u00a0<strong>Company &amp; Financial<\/strong>, then choose\u00a0<strong>Balance Sheet Detail<\/strong>.<\/li>\n<li>Select the date to\u00a0<strong>All<\/strong>, and set the report to\u00a0<strong>Accrual<\/strong>.<\/li>\n<li>Scroll down to\u00a0<strong>Inventory Asset<\/strong>, then on the\u00a0<strong>Balance<\/strong>\u00a0column, compare the reports line by line to find the discrepancy.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<h3>Having a Question ? 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Inventory valuation amounts in Point of Sale and QuickBooks Desktop do not match in 2019\u00a0 Find out why the amounts in your Inventory Valuation amounts in Point of Sale and QuickBooks Desktop are not the same. An Inventory Valuation report consists of the monetary cost of your items that make your inventory, summarized [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,1,6],"tags":[],"class_list":["post-55","post","type-post","status-publish","format-standard","hentry","category-other-questions","category-quickbooks","category-quickbooks-desktop"],"_links":{"self":[{"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/posts\/55","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/comments?post=55"}],"version-history":[{"count":0,"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/posts\/55\/revisions"}],"wp:attachment":[{"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/media?parent=55"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/categories?post=55"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/tags?post=55"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}