Why are transactions showing on a Profit and Loss report, but not in Banking?

QuickBooks Help QuestionsWhy are transactions showing on a Profit and Loss report, but not in Banking?
Anonymous asked 3 years ago

Uncleared transactions that I entered manually are showing on a Profit and Loss report, but not showing in Banking under my checking account. Why is this, and how do I fix it?

admin Staff replied 3 years ago

If you are running Profit and Loss Report on an accrual basis accounting method, you will also see uncleared transactions. Switch the report to Cash basis accounting method, then you should see cleared banking transactions only. See screenshot below.

Cash basis reports = cleared banking transactions only
Accrual basis reports = cleared banking and uncleared transactions

cash accrual report



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