There are two reasons why these reports may not agree.  First, transactions coded to the income statement do not include a Customer: Job.  Second, the income statement activity is assigned to a name other than a customer, such as vendors, employees, or other names. The following steps will help you fix this problem.  First, create a Standard Profit and Loss report and filter it by Customer: Job.  QuickBooks displays a “No Name” column in the far right column.  Double click on each amount, in this column, and assign the transaction to a Customer: Job.  If the totals still don’t agree, total the report by Payee and filter the report by each other name type.  Once all the transactions are assigned to a Customer: Job, these two reports will balance to each other.   For more assistance, please contact one of our ProAdvisors at 893-6666.

Authored by Lydia Hancock, QuickBooks ProAdvisor