Cost of Goods Sold

Hello there, @HTS14.

In QuickBooks Desktop, Cost of Goods Sold (COGS) will be affected when you're tracking and recording inventory items. It also affects when you buy inventories entered through bills and item receipts.

We can open your invoice that has an inventory item and then run the Transaction Journal report to see the transaction history. Here's how:

1. From the Home Page, select Create Invoices.
   
2. Under Main, click the previous arrow.
   
3. Find the invoice with the inventory item.
4. Click the Reports menu.
   
5. Select the Transaction Journal.
   
6. From the Transaction Journal window, you can see the transaction history.

For future reference, you can check this article about customizing reports:

• Customize reports in QuickBooks Desktop
• Customize vendor reports

Should you have any other questions about COGS in QuickBooks, feel free to let me know as I'm always here to help.