This is due to QuickBooks creating entries to track the loss on the background of the credit.On a Bill Credit, for a return cost at less than the average cost, there is an entry for the Cost of Goods Sold.This is due to QuickBooks creating an adjustment to correct for losses when the inventory was in negative quantity. This can occur when the item these entries occur for has a negative quantity on hand.On a transaction receiving inventory, the Inventory Asset and Cost of Goods Sold accounts appear in the Transaction Journal. ![]()
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