What type of changes can you make to an inventory item in QuickBooks Online?

Inventory items in QuickBooks Online can be modified in several ways, allowing for comprehensive management of stock. The ability to make both price and quantity adjustments means that users can reflect the current market conditions and inventory levels accurately.

When adjusting the price of an inventory item, you ensure that your sales reflect any changes in the market or cost of goods sold. This is crucial for maintaining profitability, as setting competitive prices can impact sales and revenue.

At the same time, adjusting the quantity of an inventory item allows businesses to keep their records in alignment with actual stock on hand, which is essential for accurate reporting, forecasting, and replenishment decisions.

Together, these adjustments provide a complete toolkit for managing inventory effectively within QuickBooks Online, making it essential for users to understand how to apply both changes to maintain an accurate inventory system.