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Tax Summary and Profit and Loss has a slight difference, jerseyshoretax.
Let me give you more information about this. The Tax Summary includes the Annual Type of transactions. However, Profit and Loss report has the Schedule C expense related transactions and its income.
You can check this article for more information: The (Almost) Ultimate Guide to Self-Employed Expenses and Tax Deductions.
Loop me in if you have any questions about this. I'm ready to back you up. Take care.
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Thanks so so much! Makes perfect sense!
The answer doesn’t relate to UK tax. Doesn’t help me
Hi RS06, thanks for joining this thread - please reach our chat support on this link for support with this - they'll have the tools to screen-share and view reports to check for any discrepancies. 🙂