Hi
I'm Using QBC(Quickbooks commerce) and QBO(Quickbooks online).
As my understanding, the match ledger account for inventory working as the following:
After receiving a Purchase order the goods go into the "Prepaid inventory" account in QBO.
When I pack in order to ship the inventory moving from "Prepaid inventory'' to "inventory asset".
Then when I ship the order is moving from "inventory asset" to "cost of goods sold".
My question is when I'm selling goods that I don't have and I Invoice the customer and got the money,
And I'm waiting to get goods. Where can I see this negativity?
Because it shows the order amount in the balance sheet as income and there are no expenses on it yet.
And the same issue is on the Profit and lost that show this orders as an 100% profit
Thanks
