The cost of materials and products that are kept in inventory and later sold is normally reflected under the Cost of Goods Sold. Thank you for posting here on the Community, glad to assist you today so you can change the income account for your items in QuickBooks Online (QBO). You can always post a reply if you have further questions about managing your account. I've got this helpful material you can read if you want to display only the information needed on your report: Customize reports in QuickBooks Online. Once done, all the data will be removed and you'll be rerouted to the home page.įor your reference, you can check out this article for more details: Delete your data and start over in QuickBooks Online.Select Wipe Data to complete the process.Type the word ' YES' to delete data, then click OK.The next screen provides details of the item to be deleted.Example: URL shown is /homepage, change to purgecompany.Copy the URL and replace /homepage to /purgecompany.Log in to your QuickBooks Online account.This way, the system deletes all data entered into your QBO account and you can start over. You have the option to purge your account. Alternatively, if you're account is less than 60 days and you want to start from scratch. Press Ctrl + Shift + N for Google ChromeĪlso, you can use different support browsers to further isolate this issue.You can start by accessing your account using a private or new incognito window. Let's do some basic troubleshooting steps to fix it. Unusually, you may have experienced a browser-related issue that hides the pop-up window. When this happens, you can manually add those missing transactions or modify the accounts affected.

This is because some data doesn't convert when migrating from QBDT to QBO. When switching from QuickBooks Desktop(QBDT) to QuickBooks Online(QBO), you might have a missing transaction or the report may be different and doesn't match. I can share a way to fix this so you're able to change the cost of goods sold(COGS) to an income account. Aside from entering invoices, I am a complete Quickbooks novice. Thank you all for your help and apologies if my terminology is incorrect. Seems like a great trade-off vs journal entries (heaven forbid) or going through thousands of sales and updating them with an income account tied to them vs COGS (bigger heaven forbid). If there's no fix for the current problem (my OCD will not allow journal entries to fix this), is it possible to then delete my current online version of the company and re-create it with my now updated desktop version? Not much information has been input in to the online version and would only take a few hours to get back to where I was with my books. Is there a fix for this? On a side note, why in 2021 isn't a pop-up window (the edit window in this case) able to be drug around the screen? Seems like pretty standard practice.īack on point. This obviously isn't going to work as I'm cancelling out of my edits before confirmation.

When doing it on the online version, the confirmation pop-up gets hidden behind the edit window and I am unable to click 'Yes' without closing said edit window. P&L is now a happy place in desktop, need to make it so online. Went back to my desktop version, opened up my chart of accounts and switched it over no problem. Tried to change the account over to an income account in my chart of accounts but the Quickbooks online version doesn't allow it. Only noticed after recently switching from desktop to online. I have an account tied to a lot (a lot) of invoices that put actual sales of goods in to cost of goods sold.

Quickbooks cogs account