Question

"quickbooks"

1st image is the a entire invoice and what my profit should be

2nd image is each item info

please explain why do i have a negative profit in my imvoice (1st image) as OFCOURSE im getting a profit in this invoice but something is wrong

This is what every item has been edit it too. Am i doing something wrong here in the edit section (2nd image)

are my accounts ok or what should i put them too?

(3,4,5 images)

-will give tumbs up

Income by Customer Detail January 1 - 11, 2020 Accounts 8 8 8 Hvoice Accounts Accounts 8 8 Accounts 8 88888888888 공 8 8 Accounts Accounts Accounts Accounts 8 Accounts 99CENTS TOWER 01/08/2020 8102 BEAR AND C... RIG 01/08/2020 8142 BEAR AND C. Cost of Goods Sold Invoice 01/08/2020 8102 25 NCH MED RG 01/08/2020 6142 25 NCH MED. Cost of Goods Sold 01/08/2020 CLASSIC BE RIG 01/08/2020 8142 CLASSIC BE. Cost of Goods Sold 01/08/2020 8142 BASKETBA. RUG invoice 01/08/20208142 BASKET BA. Cost of Goods Sold Invoice 01/08/2020 B142 FLOWERS S RJG 01/08/20208142 FLOWERS S. Cost of Goods Sold 01/08/20208142 CAN/BEAR.. RIG 01/08/20208142 CAN BEAR.. Cost of Goods Sold 01/08/20208142 SMALL BAG RIG 01/08/20208142 SMALL BAG Cost of Goods Sold 01/08/20208142 MEDIUM BAG Invoice 01/08/2020 B142 MEDIUM BAG Cost of Goods Sold Invoice 01/08/20208142 LARGE BAG RIG Invoice 01/08/2020 6142 LARGE BAG Cost of Goods Sold hvolce 01/08/2020 8142 50 INCH JUML RIG invoice 01/08/20208142 50 INCH JUML Cost of Goods Sold Invoice 01/08/20208142 ROSE BEAR... RIG Invoice 01/08/20208142ROSE BEAR Cost of Goods Sold Invoice 01/08/2020 8142 50 NCH JUM. RUG Invoice 01/08/2020 8142 50 INCH JUM. Cost of Goods Sold Total 99CENTS TOWER 8 8 Accounts 8 Invoice 8 -245.30 239.30 24165 -232.65 -23537 -22337 225 50 - 165.53 -16953 8 Accounts Accounts Accounts Re Accounts Re Accounts Re Accounts Re Accounts Re Accounts Re Accounts Re. Accounts Re. Accounts Re 2.16 60.00 -4.00 120 00 - 11.00 60.00 -60.53 400 TOTAL

i added

please see images

Answer 1

As I am able to understand the circumstances through the images,

• The edit section is correct as you have put them in correct heads . The COGS account have been considered correct as is a cost against the revenue account.
• The revenue account RJG has been considered correct .
• Inventory method is correct .

As the Invoice amount is less than COGS in many cases it resulted in Negative profit figures.

The Second invoice generating revenue of 100 against COGS 400 is the major one which affected the balances .