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Hi,
The starting value was correctly entered at $0. The item concerned is a Miscellaneous Item that has had multiple costs attributed to it. The first few postings the item went into negative stock and somehow had a number of different costs associated with it. There are no incorrect adjustments to the item. In fact I tried deleting the adjustments that had been made to see if that would fix the problem.
It defies all logic that Quickbooks allows an items to have 0 stock but have a value attributed to it. How can this be possible and how can you provide no solution to this to be able to adjust the value of such an item to $0?
Thanks.