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Hello @Liftco,
I appreciate you for getting back to us here in the Community. Allow me to step in and provide additional information related to the inventory items in QuickBooks.
The option you choose will depend on the outcome that you want for the item. If you need to change the selling and markup price to the new amount, select Yes.
If you want to retain the existing figures, you can choose the No option. You can always change this field later on by editing the product or service in QuickBooks.
In case you need the steps, here's how:
- From the Lists menu, then select Item List.
- Double-click the item you want to change.
- Enter your changes in the Edit Item window.
- Choose OK.
Additionally, I recommend visiting the following article to view the frequently asked questions about the items in QuickBooks: Add, edit, and delete items.
Reach out to me if you have any other questions regarding the process in the Desktop version. I'll be happy to help you some more.