Hi there, @DS127.

Let me help you handle your inventory concerns in QuickBooks Online.

Turning off Inventory Tracking while having an Inventory type of product isn't possible. However, if you adjust your products to zero quantity and make them inactive, you can turn off the tracking feature.

Since you've mentioned that you don't want to lose your product list with all their prices, I recommend adjusting your inventory quantity only. If you modify your inventory quantity without legitimate transactions, QuickBooks will create an Inventory Adjustment transaction to help you correct the offset amount in your Cost of Goods Sold account. You can refer to the steps provided by my colleague above in adjusting your inventory quantity.

Below are the image samples of the account that will show in your Profit and Loss report and the transactions that impacted the adjustment.

Furthermore, you can also consider reading the article on how inventory tracking impacts your Balance Sheet and Profit & Loss reports in QuickBooks Online.

Additionally, you can also learn how to use reports to see inventory status and performance in QuickBooks Online.

Feel free to leave a reply if you have additional concerns besides inventory and COGS concerns in QuickBooks Online. I'm here to assist you any time.