Let's correct the count of your inventory, Jshoplist.

The screenshot shows that you’re using the QuickBooks Online version, so we’ll base our steps on this platform.

You can create inventory items with a zero starting quantity. When you purchase them, you can record a vendor transaction with the items, and this will increase their counts. However, if you have items on hand before starting your business, you'll enter the quantity the moment you create them in QuickBooks.

The bottom line is you only want to enter a quantity on hand if you won't need to record your inventory purchases.

To correct the count, you can edit the items and update the Starting value.

1. Click the Gear icon.
2. Choose Products and Services under Lists.
3. Click Edit on the item.
4. Click Starting value in blue text.
   
5. You'll get a prompt that says this step will change the starting value of the item, click Got it.
6. Update the Initial quantity on hand.
7. Enter something in the Memo field about the change. Something like: changed the initial qty from XXX to XX, entered an expense (ref #) instead which increased the initial count (qty) of the item.
   
8. Click Save and close.

By default, the affected accounts in this adjustment are the Inventory Asset and the Opening Balance Equity accounts.

You can run the Inventory Valuation Detail report after correcting the initial value.

Feel free to reach back out if you still need with your inventory items.