Cost of goods sold and Inventory Asset account not reflecting Sales Transactions
Hi
I have enabled inventory and also enabled inventory tracking for all items
when a purchase is made, Inventory asset account increases.
But when sales is made Inventory asset remains the same and cost of goods sold is not debited at all.
So Cost of goods sold does not reflect in the P&L and inventory asset shows wrong balance
Has anyone else face this issue...
How did you resolve it?