Hi,The Quickbooks Balance for my Cost of Sales account shows no balance. I can only see the balance when I run report. I need the figure to show in Quickbooks Balance.

Hello, Bernard. 

Allow me to share some information about running reports in QuickBooks Online (QBO).

The Cost of Good Sold (COGS) is only affected when you sell inventory items on invoices or sales receipts. It'll also show up on the Profit and Loss report either on the Accrual or Cash basis depending on how you record the transaction when the item is sold out.

Also, the Profit and Loss and Balance Sheet are two different reports. Each report has designated accounts to reason why they don't match. The profit and loss report shows your income and expenses while the balance sheet displays your assets, liabilities, and equity.

To learn more about inventory tracking and COGS, check out this article.

Also, read the details from this link for your reference about running and customizing reports in QBO.

I’ve added these resources to guide you with filtering to get the data you need and saving it with its current customization settings:

• Customize reports in QuickBooks Online
• Memorize reports in QuickBooks Online

If you have any other questions, mention my name in the comment section below. I'm always here to help as quickly as I can. Have a good day!