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  1. S

    I need some help with Quickbooks. My overview shows $X income and $Y expenses, but my account absolutely does not show the same thing

    @jlcg1988 ok good luck with that.
  2. S

    I need some help with Quickbooks. My overview shows $X income and $Y expenses, but my account absolutely does not show the same thing

    @jlcg1988 How is QBO valuing your inventory? cost average or LIFO? Yes I understand that the days are batched, but you'll need to look closer and see how QBO is coming to that number. Because as you've said, your bank account is lower than what QBO is saying. My bet is that your cost per...
  3. S

    I need some help with Quickbooks. My overview shows $X income and $Y expenses, but my account absolutely does not show the same thing

    @jlcg1988 Are you selling product or services? I'm guessing product based and you have set your COGS to "cost averaging" instead of LIFO. I almost went bankrupt early on in my business because of stupid Quickbooks. Back in the early 2000's, cost averaging was the only method QB allowed...
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