Skip to main content
ABHandshake
Jan 26, 2024 6:03 PM UTC
Solved

Sales invoice link to the correct income statement period

Hi,

As we are stating a new fiscal year, I have a little bit of a struggle with linking an invoice dated at the beginning of January 2024 to the 2023 Income Statement, Sales.

My invoice is dated January 5th, 2024, but it covers the services provided during Deceber 2023 and should be reflected in the 2023 income statement.

I enter the service date on the invoice 12/31/2022, but the invoiced amount show up no my January 2024 Sales revenew Income Statement line, and in in December 2023 which I would expect.

Could you please advise how to link my Jan 24 invoice to 2023 sales?

 

Thank you

Heide DCAnswer
Jan 26, 2024 7:15 PM UTC

I understand how important it is for you to manage your income statement, ABHandshake. Rest assured to help you fix this.

 

 Please note that QuickBooks will base it on the original invoice date. However, you can still edit it but I'd suggest consulting an accountant to ensure your records are in order.

 

In addition, you can check this article that will help you save time in the future on how to record, edit, and delete expenses in QuickBooks Online: Enter and manage expenses in QuickBooks Online.

 

Please keep me posted in the comments if you have other concerns about managing your income statement. Stay safe.

View in thread

6 replies

Heide DCAnswer
Jan 26, 2024 7:15 PM UTC

I understand how important it is for you to manage your income statement, ABHandshake. Rest assured to help you fix this.

 

 Please note that QuickBooks will base it on the original invoice date. However, you can still edit it but I'd suggest consulting an accountant to ensure your records are in order.

 

In addition, you can check this article that will help you save time in the future on how to record, edit, and delete expenses in QuickBooks Online: Enter and manage expenses in QuickBooks Online.

 

Please keep me posted in the comments if you have other concerns about managing your income statement. Stay safe.

ABHandshakeAuthor
Mar 28, 2024 2:49 PM UTC

Hello,

 

I would like to return to this question. I have attached a screenshot from our system.

Generally, we invoice to our customers after the services have been rendered, at the beginning of the following month.

Example as per the attached screenshot:

The invoice date is February, 05th, the Service date is January, 31st.

 

We would expect that this invoice will show up in January in our Income Statement, but instead, it appears in February.

Is there a way how we can fix it?

 

Thank you

 

CEDYLADY14
Aug 6, 2024 7:10 PM UTC

Did you ever find a solution @ABHandshake ? I am up against the same issue and can't for the life of me figure this out.

Anyone else have pearls of wisdom on how to correct?

    Terms & ConditionsAccessibility statement