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SDumaspapyrus
Level 1

Report does not match the transactions. Entertainment expense says $26 million.

Report does not match the transactions. Entertainment expense says $26 million.

1 Comment 1
Jovelyn_M
QuickBooks Team

Report does not match the transactions. Entertainment expense says $26 million.

I suggest reviewing all transactions categorized under entertainment expenses, SDumas.

 

Verify the accuracy of the amounts entered for each transaction, checking for input errors such as extra zeros or duplicates.

 

If any transactions are incorrectly categorized as entertainment expenses, reclassify them to the appropriate category.

 

Here's how:

 

  1. Go to Transactions.
  2. Select the checkboxes of the transactions you'd like to recategorize.
    Screensho.png
  3. In the Edit category section, choose the correct category from the drop-down list.
     

After making corrections, rerun the entertainment expense in the Profit and Loss report to ensure the figures match the actual transactions. Confirm that the date range of the report corresponds with the period you want to review.

 

For future reference, check this article to run your financial reports effectively: Run financial reports.

 

If you need help improving your financial management skills, consider contacting our QuickBooks Live Expert Assisted team. They have the expertise to provide personalized advice and solutions, helping you address current challenges and enhance your financial strategies.

 

Keep us posted if you need additional assistance.

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