Yeah it's crazy isn't it. QBO made the huge entry during the conversion and charged it to Opening Balance Equity (the number came from all the $$ adjustment entries on those 1000 products that it put to COGS and OBE. The COGS account came in as a huge negative number. So to get the COGS YTD to match between QBD and QBO, I debited COGS and credited OBE.
Well, we knew it would be a mess when we started.
So now everything matches as of the conversion date between QBD and QBO with the big number in OBE. And of course the inventory is also not right but we knew to expect that...can't do much until we get the physical count numbers. At that point I will have the client update the Products and set the start date "for real" for tracking.
Thanks for your feedback
