Reports
Recently active
Original commenter did not share additional details
Hi all, my company changed its fiscal year from July to December. Hence, the previous fiscal year was from August 2017 to July 2018 (12 months). The current fiscal year is from August 2018 to December 2019 (15 months). Subsequent fiscal year end is December (ie. December 2020, December 2021, etc.). Now, my net income in Balance Sheet does not match to that in the Profit and Loss.1) What should be the first month in the "Company Information" set up? August or January?2) I have set the same filters for both the Balance Sheet and Profit and Loss, but the net income is still different for both reports.Thanks for the help.(PS. I'm using QB Desktop, not QB online)
When I saved the Vendor's Bill in July, the July statement correctly reflected the Cost of Goods sold - supplies & materials under the P&L, and the outstanding Trade Payable in my Balance Sheet. When I run my August statement, the entry totally disappears as if it never had happened.. Why?
Hello, I'm having some issues with the multi currency feature at the moment of using the report "Adjusted Trial Balance". The company where I work has a branch in Mexico and uses the MXP currency, so after the end of each month, there's a "Exchange in Gain and Loss" where our USD bank account is affected. Example, at the beginning of the period I start with $1,000 USD in bank account "A", and the exchange rate in that day is $18.5 MXP, so my "Adjusted Trial Balance" reads: $18,500.00 MXP. But let's say that at the end of the month, I did not spend anything and I'm still with $1,000 USD but now the currency has changed to $19.0 MXP. So, how can I change the value in my "Adjusted Trial Balance" to read $19,000.00 MXP and having the same $1,000 USD?. I tried doing a general journal in exchange in gain or loss to match the MXP amount in my statements, but my dollars in the USD bank account in QBs either increase or decrease, when physically my dollars are still the sam
