Please help me, I have 2 accounts (Cost of sales) in the profit and loss statement. one is negative, one is positive. Please guid me how to fixed it. Thank you!

Welcome to the Community, @rudney_rmd.

It's possible that you created two Cost of sales account with different transactions. Let's verify the accounts in your Chart of Accounts and run reports to see the transactions.

Here's how:

1. Click Accounting from the left menu, then select Chart of Accounts.
2. Find the Cost of sales accounts from the list.
3. Under the Action column, click Run report.

If the transactions are not supposed to be on the other Cost of sales account, open each transaction and change it to the correct account. This way, it'll show only one Cost of sales account when running your Profit and Loss report.

You might want to check out these articles to learn more about the impact of inventory tracking on Profit & Loss report:

• Impacts of inventory tracking on balance sheet and profit & loss reports.
• What is FIFO and how is it used for inventory cost accounting?

Please feel free to visit our Community forums again if you have other concerns with QuickBooks Online. I'm always here to help. Have a good one.