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When taking an order for a product that requires calculation of Cost of Goods Sold (COGS), the Aptify system generates a GL entry similar to the one below:
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For the purpose of processing a cancellation, the reverse entry occurs and appears on the cancellation order's Accounting > GL Entries tab.
However, note that the entry for reversing Cost Of Goods Sold COGS only occurs when the inventory is not damaged and is returned to stock. (In other words, if you select the Not Returned to Stock option for a cancellation order line, Aptify will not generate the reverse COGS general ledger (GL) entry.)
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