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BellevueBookkeper
February 6, 2024
Question

Income vs Revenue in COA

  • February 6, 2024
  • 1 reply
  • 0 views

I have two Quickbooks companies and I am trying to import the COA from one to the other. In one COA, income is called Income, in the other, income is called Revenue. Why is this???  I guess it doesn't really matter but I think it's a bit crazy.

1 reply

J
jeanbiverly_
February 6, 2024

Let me clear things up, @BellevueBookkeper.

 

Do your QuickBooks companies have the same company type, version, or region? The titles and terms in the chart of accounts may vary depending on these factors.

 

Also, I want to share a helpful link with you that provides more information on revenue and income: https://quickbooks.intuit.com/r/revenue/understanding-top-bottom-line-difference-net-revenue-net-inc... 

 

Moreover, if you want to learn more about the chart of accounts, I suggest reading this article: Learn about the chart of accounts in QuickBooks Online.

 

I'm still all ears if you have any other concerns related to your chart of accounts. Feel free to leave a comment below.

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