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Incorrect posting of inventory dollars
9/25/09 9:23 AM
Total Views: 53
Total Views: 53
When entering receipt of inventory with a bill, Quickbooks is posting additional amounts to inventory and cost of goods sold. Should not hit COGS at all and have no idea where it is pulling the amounts from. Any ideas?
All Replies: Answers (1)
Rating 0
Answer
11/2/09 4:14 PM
When inventory goes negative, QuickBooks will post using the average cost if there is one or the standard cost. THe posting you see are to correct the original posted entries.
Hope this helps. If so please mark solved, if not please ask more questions. Thanks!
Hope this helps. If so please mark solved, if not please ask more questions. Thanks!
Ray White
http://community.intuit.com/me...
http://www.raywhiteenterprises.com
Ray White
http://community.intuit.com/me...
http://www.raywhiteenterprises.com
