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M
MacLeodStaff
May 1, 2024
Question

Expense Item: Income Statement versus Transaction Report

  • May 1, 2024
  • 1 reply
  • 0 views

I have noticed today that my year to date income statement has the correct numbers but when I click on the transaction report for a specific expense item it does not reflect the the latest imputed expense number. Example the Wages- Sales year to date is $303,000 but when I click on the $303,000 number it only has a Transaction report which only reflects $289,000 in aggregate. It does not show todays $14,000 expense. My Google Chrome is up to date.

1 reply

C
ChristieAnn 11
May 1, 2024

Hello there, Mac.

 

I can help you ensure you have accurate report data in QuickBooks by performing the troubleshooting steps below.

 

Please know that while running income statements such as profit and loss and the corresponding transaction report, you need to customize the details. This is to ensure that the right data shows up. I recommend double-checking that you are pulling up the transaction statement with the correct date, accounting method, and accounts.

 

Here's how:

 

  1. Go to the Reports menu on the left panel and choose a specific report.
  2. Find and open a report.
  3. Click the Report period drop-down arrow and select the right date.
  4. Choose either Cash or Accrual as the accounting method.
  5. Click the Customize button and Filter drop-down list. Then, choose the particular account.
  6. Select Run report.

 

In case you need steps on how to memorize a report that allows you to save it with its current customization settings, you can read this article: Memorize reports in QuickBooks Online.

 

I'll be around to help if you have any other questions about running a report in QBO. Just let me know by leaving a comment below, Mac. Have a nice day ahead.

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