Hi, when i calculate my income and expenses manually through my bank statement to check if they match quickbooks calculation - the amount doesn't match. Quick book is saying that i earned more than what has came into my account
QB thinks that income is only what is posted in an income account, same for expenses in expense accounts. So first check to insure that anything posted to those accounts qualify.
A bank statement is a snapshot of the account as of the statement ending date, a P&L is for the whole business for the date range noted on the statement. SO one month for the statement and this year (usually) for the income statement.
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