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GARY05's avatar
GARY05
Member
3 years ago
Solved

Income variance

Hi all, I am having trouble figuring out why the income and expenditure on my Bank Transactions is correct but when I run a Profit and Loss report for the same period the income is less but  the exp...
  • GARY05's avatar
    GARY05
    3 years ago

    Thanks Lisa,

     

    It turned out to be a GST Component associated with one line of income, happy to have found it.

     

    Gary05

LRBooks61's avatar
LRBooks61
Ultimate Cover User
3 years ago

Hi

 

The only thing I can suggest is that there has been an account coding error.

 

Is there something that stands out in your balance sheet or P&L that would account for the difference

 

If you can identify the amount that you are missing , and if it is only the one amount you could do a find transaction and look for that amount and check the coding

 

Otherwise you could run a general ledger report and select the dates you are after ( expand all) and check the transactions that way and find the error

 

Hope  that helps

 

Lisa

GARY05's avatar
GARY05
Member
3 years ago

Thanks Lisa,

 

It turned out to be a GST Component associated with one line of income, happy to have found it.

 

Gary05

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