In business inventory, I check I do NOT have inventory, and yet it keeps saying I have $1381 inventory for this year. How do I get it to let me change to no inventory?

[AmandaR1]

Did you have inventory in your account last year?

[dmslls]

yes, I had the $1381.  This year I have none.

[AmandaR1 · Accepted solution]

You'll need to go back into your business and update the Inventory/Cost of Goods Sold section and select yes that you do have inventory to report. 

On the next screen you'll see your beginning inventory of $1381 and be able to enter your ending inventory of $0, if that inventory was sold during the year. This amount will be deducted as an expenses. 

If that's not correct, you can change your beginning inventory to $0 and then check the box (above the back button) that says My beginning inventory for 2017 is different from my ending inventory for 2016. On the next screen, you can enter a short explanation about no longer selling products.