If inventory item inactive does existing stock level still have a $ value in the ledger

Jillus6

I have cleaned up some items that I have in the inventory list by making them inactive, as we no longer stock them.  I have not however reduced the stock holdings to zero before I inactivated them.  Do these items still count in the dollor value of the general ledger?  I am hopeing that once the item is inactivated, the item is no longer taken into consideration when calculating total value of inventory held.  Can you please clarify?

 

Jillus

gavin12345

Hi @Jillus6 

 

Making an item inactive does not affect its stored value or on hand count. It simply stops it being available from drop down lists for selection by this method. The on hand count and value (as visible on the Item profile screen) remains in the Item Register and is reflected in the value of the Inventory Account - assuming all works correctly.

 

To remove the on hand count and value you would need to do an Inventory Adjustment Journal to adjust the on hand count and value to nil. There are numerous support articles on this and many other subjects here.

 

Regards

Gavin