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    playful life's Avatar
    playful life Posts: 1, Reputation: 1
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    #1

    Jul 11, 2008, 11:57 AM
    Change COGS in Quickbooks
    Our company currently uses Quickbooks Pro Accounting. We realized after about 1 year that our COGS was incorrect. Is there any way to change the average COGS sold so it will be reflected in all reports dating back 1 year without having to reenter all the invoices?

    Thank you.
    Wanda K CPA's Avatar
    Wanda K CPA Posts: 2, Reputation: 1
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    #2

    Aug 17, 2008, 03:16 PM
    If you are using inventory to get the average cogs, you will have to change each bill/invoice with the item on it to change the average cost.
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