Get 50% OFF QuickBooks for 3 months*

Buy now
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Work smarter and get more done with advanced tools that save you time. Discover QuickBooks Online Advanced.
Katcon
Level 1

General Ledger Report

Why is the general ledger report for last fiscal year showing my gross income as my net income.

3 Comments 3
BigRedConsulting
Community Champion

General Ledger Report

The General Ledger report shows detail activity - subtotaled by account. It doesn't show net or gross income.

Katcon
Level 1

General Ledger Report

Under the general ledger report for last fiscal year when I scroll down to the income it has listed each paycheck and the gross amount, but the report shows it categorized under E10110-Net Salary. 

BigRedConsulting
Community Champion

General Ledger Report

Yes, every line item of every transaction will appear on the report. Paycheck earnings items are almost always expenses, and should appear in an expense account. What type of account is "E10110-Net Salary"?  The account name seems potentially appropriate, depending on what you mean by Net Salary. AFAIK, there isn't a way to track net salary with an account, as it's the sum of many other things on a paycheck, starting with gross salary and then adding in various additions and deductions.

 

What do you mean when you write, "scroll down to the income"?

 

What is the issue?

Need QuickBooks guidance?
Log in to access expert advice and community support instantly.

Need to get in touch?

Contact us