![]() ![]() Selling out-of-stock inventory causes your next bill to contain an adjusting Inventory/COGS transaction. The Inventory/COGS transaction is normally on the invoice. Negative inventory causes errors on vendor reports They are not corrected until you establish an average cost with a bill, check, credit card charge or Adjust Qty/Value On Hand.This distorts your COGS and your inventory.QuickBooks has no information from which to calculate the average cost, so it must assign an average cost of $0.00.You sell that item without purchasing any inventory.You create a new inventory item without an Item Cost.Selling inventory that you do not have has driven your Quantity On Hand (QOH) negative and can cause incorrect Cost of Goods Sold (COGS) on your P&L report. The bill contains an adjustment to Inventory and COGS for difference between the Item Cost and the actual purchase cost, thus causing it to show on the P&L report. ![]()
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