Incorrect COGS error in QuickBooks is related to the Profit and Loss report and involves aberrations in the calculation of the costing of the goods sold. This article aims to rectify QuickBooks Incorrect COGS issue by addressing each and every cause instigating this accounting error. So make sure that you stick around till the end. The different aspects covered by this article encompass the various contributory causes behind Incorrect COGS, followed by relevant and effectual solutions to get rid of incorrect COGS in QuickBooks desktop.

The COGS-related aberrations are typically associated with an incorrect balance caused due to the following reasons:

•           The user mistyped the value of the item received.

•           The item's cost was entered after it was sold.

•           Data in QuickBooks Desktop POS is being retrieved from the wrong COGS account.

•           The COGS account adjustments made aren't showing up in the Point Of Sale.

•           QuickBooks Desktop lost the POS-recorded transactions for some reason.