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Jenny Long

balance sheet

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Posted By

Our balance sheet is not reflecting the correct net income amount from the income statement.

  • 0

    See Knowledgebase ID 32352. 

    You may have added a new account and it's not part of the instruction for net income on the statements. 

  • 0
    SUGGESTED

    Hi Jenny 

    Why doesn't the Current Profit (Loss) on my 2-2-21 Balance Sheet not match the Net Income on my 2-3-21 Income Statement

    Created on 07-29-2014 | Last modified on 11-18-2020

    Summary

    The Net Income on your Income Statement does not match the Current Profit (Loss) on your Balance Sheet.

    Cause

    You may be running these reports for different time frames

    Resolution

    The Balance Sheet Period is Period Ending Year to Date.  The Income Statement can be just monthly.

    They need to be run for the same periods.

    Ex:  Balance Sheet for (March) will not Equal Income Statement  March to  March. 

    The Income statement will need to be run using Period 1 (January maybe?)   - March  (Year to date)

    Keywords: 
    Product: Sage 100 Contractor
    Solution ID: 43413

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