Inventory purchase affects COGS acount

Nelson95 · ‎November 06, 2023

Hello, I am very confused. Certain inventory purchases arre creatinng a journal entry into the COGS account together with the inventory purchase. I have no idea how this is even possible. Can some one guide me in the right direction? BTW it happens on foreign and local currency so it is not a Exchange Rate issue. I have attached the screenshot of a bill with it's transaction journal.

JamesAndrewM · ‎November 06, 2023

Welcome to the QuickBooks Community. We are thrilled and appreciate you for sharing details of your concern as well as the attached screenshots.

We want to ensure you'll get the best convenience while using the services. For now, we'd like to ask for additional information so we can provide you with the most appropriate solution. We would appreciate it if you could provide us screenshots of the bill where you can see the item and the product information of the affected item.

We look forward to hearing from you again. Don't hesitate to reach us again. Have a great day ahead!

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Inventory purchase affects COGS acount

Inventory purchase affects COGS acount

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