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heazim1
January 26, 2024
Question

Sub Bank account problems

  • January 26, 2024
  • 1 reply
  • 0 views

Sub bank accounts were created to track large grants.  It appears that when the grant was deposited, QB desktop is double counting the amount.  Invoice>receive payment>deposit  were the steps to deposit amount.  I have done this hundreds of time.  When a P and L is pulled the total for the grant category is double.  Anyone have issues with sub bank accounts?  Thanks!

1 reply

MJoy_D
MJoy_D
January 26, 2024

I can share some information about resolving those duplicates from your Profit and Loss report, @heazim1 .

 

You can try to match the transactions to the ones in QuickBooks. This will eliminate duplicate transactions and ensure accurate information posted in your Profit and Loss report. 

 

To match your transactions based on the mode you use, check out the following article and scroll-down to Step 2: Review and match transactions section: Add and match Bank Feed transactions in QuickBooks Desktop. It also tells you more about what to do if you can't find a match. 

 

Here's an article that describes using a pre-custom reports in QuickBooks Desktop to get a detailed view of a business's financial performance. It explains the Profit & Loss Detail and Balance Sheet Detail reports, their default settings, and how to run them: Customize company and financial reports. 

 

Let me know if you need more help with your report. I'm always here to answer them for you. Have a great rest of the day!

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