Hello,
I have been managing our company's QB since 2004. I use Enterprise Solutions because of our vast amount of inventory. There is an issue that I do not think is correctable but am seeking advice nonetheless.
When the fellow previous to me added in the inventory in 2000, he made several mistakes. We sell a lot of different pipe and fittings and have many classifications - not just Sales and COGS. For instance, we sell Schedule 40 pipe. It's income account is Schedule 40 Pipe, and it's COGS is COGS Schedule 40 Pipe. That way when my P&L breaks down I can see what my profit is per types of pipe, etc.
Here lies the issue. He made several mistakes. In the above example, he made Schedule 40 Pipe as the income account, and a completely different COGS account i.e COGS Compression Fittings.
If I try to "correct" this, it would change all of my reports from the beginning of time, correct? Which is WHY I have not done this. But it is not a true number and it drives me crazy.
Suggestions please!
Julie
