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FThompson
November 1, 2024
Question

Revenue Recognition not showing sales on P & L

  • November 1, 2024
  • 2 replies
  • 0 views

My question is regarding revenue recognition. We are a SaaS business so it is a requirement for us to report our sales accurately, the revenue recognition has helped me to make sure the sales are being recorded correctly. My issue is that when I run my P & L the total income is nowhere near where it should be.

Does that mean that something is not mapped correctly? How can I get my P & L to reflect the correct sales?

    2 replies

    S
    SashaMC
    November 1, 2024

    Hello FThompson

     

    Thank you for reaching out to the QuickBooks Community!  You are correct!  There is something that is not being mapped correctly. I recommend going through your items and double-checking the accounts associated with them.

     

    Let me know if you are still experiencing any issues, We are here to help. Take care. 

    FishingForAnswers
    FishingForAnswers
    November 1, 2024

    @SashaMC  Why are you whispering?

     

    In fact, why do so many of the QuickBooks staff whisper lately?

     

    Do you just not like people who have trouble with small font sizes?

      BigRedConsulting
      BigRedConsulting
      November 2, 2024

      @FThompson  RE: My issue is that when I run my P & L the total income is nowhere near where it should be.

       

      You can double-click on the P&L's summary numbers to see what's included in them. Use the resulting detail report to determine if there are missing or extra details and then resolve that if you see errors.

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