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In this video tutorial, Matt Holt Quist from QuickBooks University addresses a question about a negative cost of goods sold showing up in QuickBooks Online. The issue arises from an expense for shipping on a bill and a charge for shipping on an invoice, resulting in a net negative amount. This discrepancy in the products and services list can make the profit and loss statement appear unusual, but it can be resolved by understanding the transactions causing the negative cost of goods sold.