An incorrect COGS error in QuickBooks involves errors in the costing of the goods sold computation and is connected to the Profit and Loss report. This article seeks to address each and every cause contributing to the QuickBooks incorrect COGS issue in order to resolve it. Therefore, be sure to stay until the very finish. The various topics covered in this article include the several contributing factors that result in Incorrect COGS, as well as pertinent and practical strategies to eliminate incorrect COGS in QuickBooks Desktop.

The COGS-related aberrations are often linked to a bad balance brought on by one of the following factors:

•        The user entered the value of the gift incorrectly.

•        After the item was sold, the cost was entered.

•        The incorrect COGS account is being used to obtain data in QuickBooks Desktop POS.

•        The Point of Sale doesn't reflect the COGS account adjustments made.

•        For some reason, QuickBooks Desktop misplaced the POS-recorded transactions.