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accounts@kttelec
Level 1
posted
‎March 04, 2024 05:31 PM
last updated ‎March 04, 2024 5:31 PM

Hi, Cost of Sales (PL) and Inventory (BS) is changing the figures in the report for the year Jan 23 - Dec 23. Figures changing is in the month of Dec 23.

The reports generated on 29Feb & 01Mar show difference $15,000 plus. Could you please help how to find out why the difference occur. (Remark , I did inventory Shrinkage in Jan 24. ) Can be the difference is because of inventory Shrinkage? But not only he shrinkage inventory but also other inventory also have the difference in COS and Inventory amount.
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1 Comment 1
Kurt_M
QuickBooks Team
QuickBooks Team
‎March 04, 2024 07:38 PM

Hi, Cost of Sales (PL) and Inventory (BS) is changing the figures in the report for the year Jan 23 - Dec 23. Figures changing is in the month of Dec 23.

We're delighted to have you here today.

 

In QuickBooks Online (QBO), you can run the Inventory or Stock Valuation Detail report to review the differences and resolve the changes in your Cost of sales and Inventory section inside your Profit and Loss report. We'll write down the steps to get you going:

 

  1. Access your QuickBooks Online company.
  2. On the left navigational bar go to the Reports tab.
  3. In the Search bar, enter Stock or Inventory Valuation Detail.
  4. Enter the reporting period.
  5. Once done, click the Run report button.

 

Moreover, here's an article to help you add more details to your business report and keep the current settings for future use: Customise reports in QuickBooks Online.

 

If you need assistance managing business data or generating reports with specific details, know you can visit the Community space anytime. As always, we'll be around to help you out anytime. Keep safe.

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