If you are running a business that uses inventory items then sometimes while running Profit & Loss report you might get incorrectly calculated Cost of Goods Sold. Even after verifying the items list QuickBooks displays negative COGS or the COGS amount does not even show up in the reports. The following article is intended to guide QuickBooks users to fix incorrect COGS in QuickBooks Desktop. So if you are also wondering how to adjust COGS in QuickBooks or how to make corrections to the incorrect COGS balance then follow the complete article until the end for detailed instructions.
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