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Seoul City
Level 2

General ledger

when i run a general ledger for 4th quarter of 2019, income statement account shows the 3rd quarter balance as a beginning balance. what did i do wrong?

Solved
Best answer February 01, 2020

Best Answers
QBsguru
Level 7

General ledger

That would be correct.  You can edit the report by sending it to excel and excluding the beginning balances. 

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3 Comments 3
QBsguru
Level 7

General ledger

That would be correct.  You can edit the report by sending it to excel and excluding the beginning balances. 

Seoul City
Level 2

General ledger

Thank you for replying.. However, as far as i know, income statement account is for period only. for general ledger, it shouldn't have a beginning balance, Because of that, for example, the balance of the sale is increased for that period. 

Seoul City
Level 2

General ledger

You are right. Thank you so much for your response

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