Thank you for bringing your question forward here in the Community, Chazown Consulting.
I want to make sure the revenue data for job profitability is correct in your QuickBooks Desktop account.
It sounds like you're on the right track. Often times inflated revenue is the result of a duplicate transaction where a payment and a bank deposit are entered separately. Fixing this can be done by deleting the incorrect transaction(s), typically the manually created deposit from the bank feed, and ensuring all payments are correctly handled through the "Undeposited Funds" account and then deposited. Here's how to identify the duplicate transaction:
1. Go to the main bank account's register to view the history.
2. Look for a deposit that was entered manually through the bank feed.
3. Look at your reports, such as the Profit and Loss and Transaction Detail by Account, to spot the inflated income and find the source transactions.
Once you've found any duplicates they can then be deleted and recorded correctly. It's always a good idea to go over these types of actions with your accountant. If you don't currently have an accountant you can find one in your area specifically trained in QuickBooks by searching here: Find a ProAdvisor.
Please don't hesitate to drop a comment below if you have any other questions. I'll be here to help in any way that I can.
