@anna112
Just to confirm, cash basis accounting does not have inventory, so the only accurate inventory valuation on cash basis should be QB showing $0 in inventory. Only accrual basis accounting has inventory.
The issue is that QB can only accurately switch between cash and accrual (as it relates to inventory) if all inventory entries are item-based. This is the same as QB Desktop. Any entries to inventory such as a journal entry or an entry on a bill, expense, etc. posted directly to your Inventory Asset account will bypass QBs ability to remove the inventory on cash basis reports. If you have a beginning balance entry, QB must have created an entry that bypasses the item/product. Are you able to locate the beginning balance entry that QB created? If so, can you run a Transaction Journal report on it? I'm curious to see what entry QB created and whether there's a workaround for it.
