3 Jul 2012 17:38
Cash Income statement not giving correct values?
When I go in and go through my income statement for the month of June I want a Cash income statement and I get a value of $75.27 when I expect a value of $312.29. If I go by current, I get the same value. Which is to be expected. Accrual is also apparently under reporting income at $947.62 instead of, $1061.32. I'm not sure if this is something with the software, or with how I have entered things. So far I believe I have entered everything as either a sales invoice or a vendor invoice. Right now, it looks like I need to print out my sales invoices to justify my income for the month. I have one invoice that I have to back date, that I forgot to enter. But this income statement would be perfect if it was reporting the numbers I expected. I still have a few days to figure this out. Jigme Datse Yli-Rasku
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