Question
Why does inventory received in QB for Mac not show in P&L COGS until product sold and QBO shows when received with boths set to Cash Basis?
When starting a company with lists & balance then importing the current product inventory it was discovered that the P&L behaved different on QBO than Desktop for Mac.
On Desktop for Mac items on a bill add to inventory until sold then appear in the COGS on the P&L using Cash Basis.
On QBO items on a bill add to inventory and immediately appear in COGS without being sold using Cash Basis.
It would appear that moving to QBO and using Cash Basis would cause a to lose the COGS for the products in inventory.
Direct Migration from Desktop for Mac to QBO failed due to our file being too large (2 Million targets). The Data Migration Team at Intuit could only do list and balance.
On Desktop for Mac items on a bill add to inventory until sold then appear in the COGS on the P&L using Cash Basis.
On QBO items on a bill add to inventory and immediately appear in COGS without being sold using Cash Basis.
It would appear that moving to QBO and using Cash Basis would cause a to lose the COGS for the products in inventory.
Direct Migration from Desktop for Mac to QBO failed due to our file being too large (2 Million targets). The Data Migration Team at Intuit could only do list and balance.