Kington, UK -- (SBWIRE) -- 08/14/2020 -- Negative Inventory in QuickBooks is caused by entering transactions for sales before entering the corresponding transactions for purchases, such as selling items when there aren't sufficient quantities in stock, or when inventory has prematurely been recorded as complete.

This causes Negative Inventory to show in the Inventory Valuation Detail (IVD) report with negative numbers in the Quantity on Hand (QOH) column.

Negative Inventory can be bad news for a business' accounting apparatus as it leads to incorrect financial statements, incorrect reports as well as damaged data files. More serious consequences could mean incorrect profit and loss and cost of goods sold amount, unbalanced Cash Basis balance sheet, an incorrect balance sheet inventory amount, and errors in vendor reports and data damage.

With QuickBooks Premier, a warning that says "if not enough goods to sell" to the "Quantity Available," not the "Quantity on Hand", the user is alerted that the order they are entering will put the balance of items into negative territory. QuickBooks Enterprise has an option "Don't allow negative quantities." This prevents the user from completing a sales document that would force quantities to go negative.

E-Tech offers a repair service to fix all instances of negative inventory in the file. The service will analyze your source data file to identify the items and dates the quantity on hand (QOH) went negative and then fix all occurrences of negative inventory. The repaired file will not have negative inventory and will verify correctly in QuickBooks.

To learn more about this service, visit https://quickbooksrecovery.co.uk/quickbooks-file-data-services/quickbooks-negative-inventory-repair/

About E-Tech
E-Tech is the leading service provider of QuickBooks File Repair, Data Recovery, QuickBooks Conversion and QuickBooks SDK programming in the UK and Ireland. In their 20 years plus of experience with Intuit QuickBooks, they have assisted over 1000 satisfied customers with their requirements. E-Tech UK covers US, UK, Canadian, Australian versions which include Reckon Accounts, and New Zealand versions of QuickBooks through PC and Mac platforms.

For media inquiries regarding E-Tech, individuals are encouraged to contact Media Relations Director, Melanie Ann via email at Melanie@e-tech.ca.

To learn more about the company, visit: https://quickbooksrecovery.co.uk/