Forums: Discussions for entrepreneurs and small business.

Attention QuickBooks experts,

               When I run a p&l report in my QuickBooks,  the income is pulling the invoiced amount,  not the actual amount on rec`d.   I`m on cash basis.    I can`t figure out why and I`ve tried running several different types of reports and always get the same answers.   Does anyone know why this is happening and how I can correct it?

Thank you very much.

Gags,

 

You need to go to Edit - Preferences - Reports and change the preference there to Cash Basis for reports.  That should switch your reporting to Cash basis.

 

 

 

 

Thank you Tiana,

   I checked it out and the cash basis is checked.   I can`t figure out why I`m getting bad income #`s.   The expenses seem ok,  not pulling in `unpaid bills` entered.     I have several companies set up with the `class` system.  I run a report that is a p&l by class all on one report.   Some companies the income is calculated correctly and others no.   I suspect I cleared old invoices out on customers that I declared bad debt,   maybe the way I did a credit memo on their statement is handling as income.   I`ll have to look into my invoices.    Thanks.