Any adjustment to inventory causes a value change, the type of adjustment you select in desktop just means that those are the aspects of the item you can change.
When you do your income taxes, regardless of the form you file, you can not use QB’s COGS, the IRS requires a […]
Resolution for 'COGS calculation issue: 'How does an Inventory Adjustment affect Inventory Valuation?' available: Yes.
The COGS calculation 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 COGS calculation issue yourself by looking for a resolution described in the article. If it is a complex COGS calculation issue or you are unable to solve the issue, you may contact us by clicking here or by using other COGS calculation support options.
For more information about resolving issues related to COGS calculation in Quickbooks/QBO or to get support for the issue 'How does an Inventory Adjustment affect Inventory Valuation?', click the link below: