How does quick books handle advanced revenue in cash flow statement
advance revenue received in Dec 2019. a second advance revenue received in January 2020. total is earned monthly in 2020 at 1/12th each month and recorded by journal entry to liability account and income. in quick book cash flow statement the earned income is shown as a deduction to net income. it should be an addition to earned income not a deduction of earned income. if you adjust qb cash flow than the adjusted cash flow statement will not agree with qb cash flow statement.