I'm delighted to have you here today, @larrysrsp. Let's work this out to avoid having items with negative numbers in your reports inside your QuickBooks Online (QBO).
Before we do so, I'd like to share some details on why you're seeing negative numbers on some of your items inside the cost of goods sold report. Know that there's a possibility you have a transaction or processed transactions with products that no longer have stocks on hand. In this situation, when an item is out of stock but still used in your transactions, it can reflect as a negative number on any of your reports in QBO.
To get through this, you'll want to ensure the items you've added to your transactions have sufficient stocks. I can input the steps below to get you going. To begin, here's how:
- Access your QuickBooks Online account.
- On the left navigational bar, go to Business overview
- Choose Reports , or go to the Reports tab.
- Search for and open an Inventory Valuation Detail report.
- From the Report period dropdown, select All Dates.
- Select Run report.
For more information, feel free to see this article: Fix negative inventory issues in QuickBooks Online.
Additionally, I've got you this article to help you manage all your inventory inside QBO: Set up and track your inventory in QuickBooks Online.
Also, if you have free time, you can visit this page in case you'd like to modify your reports and add more details to it: Customize reports in QuickBooks Online.
@larrysrsp, I'll be here in the Community space if you need further assistance managing your inventory. You can also post here again if you have any additional QuickBooks-related concerns. I'll be more than happy to help you out again. Take care, and have a nice day!
