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June 20, 2022
Question

If my QB income Report shows a higher number than my square report and I am unable to find the error can I enter and adjustment to resolve the issue?

  • June 20, 2022
  • 1 reply
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1 reply

Adrian_A
June 20, 2022

Hi Cindymonten,

 

There are several factors why the QuickBooks reporting isn't matching with Square. I'm here to share some details about it:

 

The factors may include:

 

  • Outstanding transactions
  • New transactions for a connected account
  • Duplicate transactions
  • Edited or deleted transactions
  • Credit card (liability) account

 

With that, you can look for the difference in the reporting and check whether it's a valid transaction or not. If it isn't, you may delete the item. Before doing so, I'd recommend reaching out to your accountant so you'll be guided if you need to enter an adjustment or not.

 

Another factor is if the transactions are not yet categorized. I've added this reference for the detailed steps: Categorize transactions in QuickBooks Self-Employed.

 

Post again if you need anything else. I'll be here!