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How to Correct the Incorrect COGS in QuickBooks Desktop?

  • James Ryter
    • 151 сообщения
     
    11 января 2024 г., 5:12:55 PST

    Incorrect COGS error can come up in QuickBooks at times when there is a deviation in the cost of the goods sold computation. This issue is related to Profit and Loss report. Read this entire blog to know the other causes of this error and the different troubleshooting methods to fix QuickBooks incorrect COGS error.

     

    Main causes of Incorrect COGS error in QuickBooks

    The COGS-related anomalies are usually caused by a poor balance caused by one of the following causes

    • Incorrect value of an item.
    • The item cost entered after selling it.
    • The wrong COGS account is used to access information in QuickBooks Desktop POS.
    • The Point of Sale doesn't reflect the COGS account adjustments made.
    • Somehow, QuickBooks Desktop misplaced the POS-recorded transactions.