Hello there, @userroma.
At the moment, you can only edit each item to adjust the cost. Let me show you the steps on how to edit an item's cost:
- Go to the Sales menu, then select Products and Services.
- Look for the first item to edit the cost and click Edit.
- Scroll down to the page until you'll see the Cost field.
- Update the cost.
- Click Save and close.
Please note that the changes made will affect future transactions. Hence, the existing one will still use the old cost.
Check out this article for more details on setting up and tracking your inventory in QuickBooks Online.
For future reference, you can also read through this article should you need steps in case you need to modify the quantity on hand of your inventory: Adjust inventory quantity on hand in QuickBooks Online.
Let me know if you have other questions. I'll be glad to get back to lend a hand. Take care!
