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Level 1

Negative number on inventory assembly item; does the COGS get deducted?

I have some negative numbers that I want to leave that way because I have written off inventory on slow-moving items; we continued to sell them and now I have, e.g., -230 widgets.  Does the cost of the widgets sold still come out of income as a Cost of Goods sold?

2 Comments
Level 15

Negative number on inventory assembly item; does the COGS get deducted?

You don't want to Ever have Negative. That doesn't reflect Written off; that reflects "go rid of something I never even had, by sales, adjustment, or both."

 

It's an Error condition. Slow moving items, such as Had 230 Widgets, "got rid of" takes them to Zero. Not Negative. Every time you see negative Quantity, that is an error for that date.

Level 10

Negative number on inventory assembly item; does the COGS get deducted?


@Kris3 wrote:

Does the cost of the widgets sold still come out of income as a Cost of Goods sold?


Not sure about Desktop, but in QBO, the last cost is used, when selling negative inventory

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