QuickBooks Negative Quantity on Hand (QOH) Repair: Understanding and Resolving the Problem
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QuickBooks is a powerful tool for managing business finances, including tracking inventory. However, when inventory is not properly managed, users can run into a common and potentially damaging issue— Negative Quantity on Hand (QOH) . This situation arises when items are sold before they are received into inventory, and if left unaddressed, it can result in inaccurate financial reporting and data file corruption. What is Negative Inventory in QuickBooks? Negative inventory in QuickBooks occurs when sales transactions (invoices, sales receipts) are recorded before the corresponding purchase transactions (bills, item receipts) . In simpler terms, you're selling products that haven’t yet been added to your inventory in QuickBooks. This problem often arises in businesses that: · Operate on a drop-shipping or just-in-time inventory model · Do not have a strict ...