Thanks for checking in with us, Michael Jackson.
The Purchase Order may be partially fulfilled that's why the amount displayed in the open PO is the remaining balance. Once the PO will be completely fulfilled, this reverts to the original full amount. Since you change the transaction as an inventory value, we can change the Starting value for you to be able to enter it using the inventory item. Doing this will affect the initial value of your inventory. Here's how to do it:
- Click Sales on the left menu and go to the Products and Services tab.
- Look for the inventory item and click Edit.
- In the Product/Service information window, click the Starting value hyperlink.
- Tap Got it! and it will route you to the Inventory Starting Value page.
- Change the As-of date and other inventory details if necessary.
- Press Save and close.
For more tips and guides while managing your inventory items, we can check this link: Manage your inventory, products, and services in QuickBooks.
If you need help handling items and transactions within your QuickBooks, please know that I'm here to help you anytime. Take care and have a good one.
