How to delete posted transaction to Inventory Shrinkage (COGS) account in new QuickBooks Online?

From the home page screen

  • Go the Company “Gear” upper right corner
  • Select the Chart of Accounts under Settings heading
  • Select “Inventory Asset” account
  • Double click “ Inventory Asset” and the Asset Register for Inventory Asset will open
  • Locate “Inventory Qty Adjust” posted to “Inventory Shrinkage” account to delete
  • Double click the transaction line and Delete bar (along with three other options) will open
  • Selete “Delete” option
  • It will prompt with “Yes” or “No” message
  • Choose “Yes” button
  • Done.

QuickBooks Online: How to delete posted transaction to Inventory Shrinkage COGS Account

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