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The Cost of Goods Sold account in QuickBooks doesn't accurately reflect sales in Point of Sale

This article explains the reasons your COGS in QuickBooks might not match what you see in Point of Sale.

Why this is happening
  • Items have an incorrect cost entered or were received at an incorrect cost.
  • Items had a cost entered after a sale was made
  • Point of Sale isn't pointed to the correct QuickBooks COGS account
  • There are adjustments to the QuickBooks COGS account that won't be reflected in Point of Sale
  • Transactions sent to QuickBooks from Point of Sale have been deleted
  • The receipt was marked as sent to QuickBooks before the financial exchange could actually send it
  • You have purchased and received inventory in bulk and then sold it as individual component items
How to fix it


KB ID# SLN40406
8/27/2016 3:25:45 PM
QYPPRDQBKSWS03 9132 Pro 2016 4ec948