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I understand your frustration with QBO not supporting multi-location inventory management directly. Yes, you can create inventory reports with money spread across locations but not quantities in item-level inventory. The QBO team probably recognizes that this function is not commonly needed by most users, which is why they offer third-party solutions through the app store.
For your specific needs, you can use Cleverence Warehouse 15. It's a great solution for tracking inventory across multiple locations. You can use mobile devices to print labels, scan barcodes, and keep your inventory data synced with QBO. This app lets you manage stock transfers, receiving, and shipping right where the operations are done, ensuring accurate records in QuickBooks.
I've used it and found it very effective. Plus, if you have fewer than 3 items per QB document, it’s free!
Check out Cleverence Warehouse 15 here: Cleverence Warehouse 15
Hope this helps!