I just realized I have an incorrect amount in my cost of goods. It is off by a lot so i need to know how i can go back and have them update all transactions from 2019 so my reports are accurate. It is an inventory item and when i change it it appears to only update my cost of goods for future transactions.
I appreciate the complete details you've shared, @arl1231.
Cost of Good Sold in QuickBooks is recorded based on the purchased amount from the expense or bill. Let's review the recorded purchase amount of the transaction and edit it from there. Once you change the amount of the item, it will only affect your future transactions.