“Why it posts to COGS when it sells?”
Because this is how Inventory works.
“my understand is it posts to COGS when it purchase from vendor”
Not for Inventory. Let’s review:
Money is an asset. Stuff on hand over a significant time and of significant value is Asset; you didn’t “spend” money, you Invested […]
Resolution for 'adjustment issue: 'How to fix previous Inventory transaction issues (old PO, Adjustment, Negative…)' available: Yes.
The adjustment issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the adjustment issue yourself by looking for a resolution described in the article. If it is a complex adjustment issue or you are unable to solve the issue, you may contact us by clicking here or by using other adjustment support options.
For more information about resolving issues related to adjustment in Quickbooks/QBO or to get support for the issue 'How to fix previous Inventory transaction issues (old PO, Adjustment, Negative…)', click the link below: