Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Get 50% OFF QuickBooks for 3 months*
Buy nowMy deductions are adding into my income. They should be deducted. Not sure how to fix the issue.
Welcome to the Community space, @RealtorFP.
I'd like to ask for additional details about your concern to ensure I provide you with the most accurate information.
Specifically, where did you see the deductions, and what transaction is associated? Could you please provide me with a screenshot? With the additional context, I'll be able to explore potential solutions to address your concerns.
Please let me know through the reply button. I'd be more than happy to assist you. I appreciate your cooperation.
So for example on the profit and loss statement. Income shows to be 85k with Expenses showing -16k for a total net income of 101k.
It should read 85k for income with 16k in expenses for a total of 69k.
I can't figure out how to fix it or why it is this way.
Hello there, @RealtorFP. I'm here to ensure your profit and loss report shows the correct deduction.
Sometimes, the total net income may show inaccurately if the transactions are posted in the incorrect category. It's essential to double-check the posting of your transactions and then make necessary changes. You can also delete and recreate them.
On the other hand, refer to these articles as guidance on how to manage your transactions in QuickBooks Self-Employed:
Whenever you need my assistance, return here and tap the reply button to enter your queries. Rest assured that I'll get back to you.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
For more information visit our Security Center or to report suspicious websites you can contact us here