I was reviewing QuickBooks Online today and noticed that the non-inventory items we have sold were coded incorrectly and do not reflect as Cost of Goods Sold.
I updated QBO so that they will now show properly as COGS, but I need to correct the rest of the entries from this year. Every article I read or video I watched tell me how to do it by correcting my inventory or making a journal entry. It is my understanding that it is better to update the invoices than to do a journal entry. It was not inventory, so that process will not help.
When I go back to try to update one of the items we sold, there really isn't a way to update it to what I want as it is already coded to what we used previously. The Product/Service on the invoice is Parts, which is the same thing I use now that it has been corrected. Do I need to change it from Parts to something else then back again? It seems that there would be an easy to do this.
Thank you
