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Level 1

P&L to Balance Sheet Fund Deposit Issue

I have an oddball question that hopefully has a simple answer. Client had three large revenue transactions during the year. When I try match the funds in the bank the P&L ends up in the correct amount but the balance sheet has one additional payment in the same amount listed in the checking account. If I go in to adjust the balance sheet/match transactions to the BS to the correct amount, the P&L is then reduced by a payment. I have no idea why it is doing this. Any thoughts?

2 Comments 2
Level 1

P&L to Balance Sheet Fund Deposit Issue

Never mind. Figured it out. Just had to delete the undeposited funds and everything balanced out.


P&L to Balance Sheet Fund Deposit Issue

Hi @d3e7lewis,


Thanks for letting reaching out to the Community, and for letting us know you figured out how to resolve it. We appreciate you taking the time to post and welcome you back anytime.


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