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TMX
Level 1

WRONG COGS in P&L

We are a wholesale company.

I needed to make an invoice of an item we didn't carry. So I went to invoices created one and then did a quick add of the item. 

I created the invoice and it pop a legend about not enough inventory, I ignored and create the invoice anyway.

Now that I run my P&L I have a huge COGS for those transactions. 

How can I fix it?

Thanks in advance for your help.

1 Comment 1
Kristine Mae
Moderator

WRONG COGS in P&L

I'd like to ease your confusion, TMX.

 

The COGS is already declared when you created an invoice, even if you didn't have enough inventory. Having said that, there is no issue with COGS. The only thing that we need to do now is to restock the item to fix the negative quantity on hand.

 

I'll share the reference on how to fix negative inventory issues for the detailed steps.

 

If there's anything else that we can do for you, please feel free to let us know. 

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