Does lower than real inventoryIn Quickbooks impact on revenue and profit?

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  • Updated 3 months ago
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This is Neil Whittington as Separtor Technology Solutions P/l In Melbourne. We have som einventories in Quickbooks that are less than actual. Obviously this means that for balance sheet the value of inventory would be understated. . Does this also affect the calaculation of revenue and profit? Please reply by email to neilwhitt@optusnet.com.au. regards Neil
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Neil Whittington

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Posted 3 months ago

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Kerri, Accredited Partner

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Hi Neil
It absolutely does impact your profit and loss COGS. It means your gross profit is increased. Kerri Giles