How do you delete inventory from MYOB Business

Question

I set up inventory to track shares and then realised it was too large a task and instead subscribed to a program via CMC that would download all my tax information.
Trouble is I set up inventory and entered bills and invoices and have now deleted all but the last invoice as it won't let me leave a nil balance.
How can I get rid of this out of MYOB now that I don't need to use inventory.

genreve_s · Answer

Hi DonovanD,&nbsp;
&nbsp;
I can see how not being able to delete an item due to having a transaction connected to it presents a problem in your use case.&nbsp;Just to explain what’s happening: once an item has been used in a transaction, the software won’t allow it to be fully deleted.
Instead, you can clear it out and then inactivate it so it’s out of your way. Here’s how:

Go to Products &amp; services, open the share item, and note the On hand and Current value.
 Do an inventory adjustment on that item to bring it to:
  
   On hand = 0
   Current value = $0
   Use a suitable account as the offset (for example, your Shares/Investments account).
  
 Once that’s done, go back to Products &amp; services and mark the item as Inactive.

After that, it won’t show up for new transactions, but your history is still there if you need it for tax.
&nbsp;
&nbsp;
Regards,
Genreve&nbsp;

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How do you delete inventory from MYOB Business

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