How to Correct the Incorrect COGS in QuickBooks Desktop?

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How to Correct the Incorrect COGS in QuickBooks Desktop?

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.

Walkways to fix QuickBooks incorrect COGS error

Abide by the following instruction to get this technical issue fixed in your QuickBooks.

Walkway 1: Examine the Item Sold cost

Walkway 2: Fix the Cost of Items that have been sold

Walkway 3: Delete Adjustments

Walkway 4: Double-checking deleted Transactions

Walkway 5: Avoid selling bulk items

Conclusion!

This discussion focused on the measures to fix incorrect COGS in QuickBooks Desktop. If you need more help in this context or for any other issue in QuickBooks, just reach us out at the helpline 1-800-761-1787.

QuickBooks incorrect COGS error