Get 50% OFF QuickBooks for 3 months*

Buy now
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Simplify payday and set payroll to run automatically on QuickBooks. Explore QuickBooks Payroll
FThompson
Level 1

Revenue Recognition not showing sales on P & L

My question is regarding revenue recognition. We are a SaaS business so it is a requirement for us to report our sales accurately, the revenue recognition has helped me to make sure the sales are being recorded correctly. My issue is that when I run my P & L the total income is nowhere near where it should be.

Does that mean that something is not mapped correctly? How can I get my P & L to reflect the correct sales?

3 Comments 3
SashaMC
Moderator

Revenue Recognition not showing sales on P & L

Hello FThompson

 

Thank you for reaching out to the QuickBooks Community!  You are correct!  There is something that is not being mapped correctly. I recommend going through your items and double-checking the accounts associated with them.

 

Let me know if you are still experiencing any issues, We are here to help. Take care. 

FishingForAnswers
Level 10

Revenue Recognition not showing sales on P & L

@SashaMC  Why are you whispering?

 

In fact, why do so many of the QuickBooks staff whisper lately?

 

Do you just not like people who have trouble with small font sizes?

BigRedConsulting
Community Champion

Revenue Recognition not showing sales on P & L

@FThompson  RE: My issue is that when I run my P & L the total income is nowhere near where it should be.

 

You can double-click on the P&L's summary numbers to see what's included in them. Use the resulting detail report to determine if there are missing or extra details and then resolve that if you see errors.

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

Need to get in touch?

Contact us