Cost of Goods Sold: ok sorry but i found a mistake I made. I labeled a product in “products and services” cost of goods sold. I corected the mistake. but my P&L stills shows a negitve for those Items. How do I fix that?
When you corrected the Product/Service information, the changes will only affect your future transactions, Phoenix2. Unless, you marked the Also update this account in historical transactions box.
Let’s edit the item and toggle the affected account:
- In the Products and Services page, look for the affected item and click Edit.
- Change the affected account and click Save and […]
Resolution for 'Cost of Goods Sold issue: 'ok sorry but i found a mistake I made. I labeled a product in “products and services” cost of goods sold. I corected the mistake. but my P&L stills shows a negitve for those Items. How do I fix that?' available: Yes.
The Cost of Goods Sold 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 Cost of Goods Sold issue yourself by looking for a resolution described in the article. If it is a complex Cost of Goods Sold issue or you are unable to solve the issue, you may contact us by clicking here or by using other Cost of Goods Sold support options.
For more information about resolving issues related to Cost of Goods Sold in Quickbooks/QBO or to get support for the issue 'ok sorry but i found a mistake I made. I labeled a product in “products and services” cost of goods sold. I corected the mistake. but my P&L stills shows a negitve for those Items. How do I fix that?', click the link below: