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Total Deposits is less than Total Income

I am working on a Wholesale / Retail company using QB Desktop Enterprises.

 

I took the monthly Customer transaction paid by method and got a monthly and then a annual total.

 

This total should match the  total annual sales on the P&L.

 

The P&L has #34K more......

 

 

1 Comment
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Re: Total Deposits is less than Total Income

first check the basis of the reports you are looking at, both must be set the same, either accrual basis or cash basis

 

if the basis is the same, print out a detail report of the same income account for each report and compare.  It would appear that income was posted without using a customer, most likely using banking downloads