cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Active Member

journal entries

I just made several adjusting journal entries in QB for 2017.  However, they aren't being reflected in the 2017 Financial Statements. Is there something preventing these from posting now that it's 2019?

Solved
Best answer 01-30-2019

Accepted Solutions
QuickBooks Team

Re: journal entries

Hello there, @GDANIELS.

 

Thank you for posting here in the Community. I can share some reasons why the journal entries aren't reflecting on the 2017 Financial Statements. 

 

If the two accounts that you are using are set up as A/R or A/P type accounts and the transactions are not "paid" or matched off, then they won't show up on a cash/accrual basis profit and loss statement. Also, if an A/R or A/P account is in the first line of the journal entry, they will not post correctly to those sub-ledgers and therefore cause problems on a cash/accrual basis report.

 

Make sure that the payment transactions has the 2017 date for them to be included on your financial statement.

 

That's it. Let me know if there's anything else you need or you have follow up questions. Just click the "Reply" button. Have a good one.

2 Comments
QuickBooks Team

Re: journal entries

Hello there, @GDANIELS.

 

Thank you for posting here in the Community. I can share some reasons why the journal entries aren't reflecting on the 2017 Financial Statements. 

 

If the two accounts that you are using are set up as A/R or A/P type accounts and the transactions are not "paid" or matched off, then they won't show up on a cash/accrual basis profit and loss statement. Also, if an A/R or A/P account is in the first line of the journal entry, they will not post correctly to those sub-ledgers and therefore cause problems on a cash/accrual basis report.

 

Make sure that the payment transactions has the 2017 date for them to be included on your financial statement.

 

That's it. Let me know if there's anything else you need or you have follow up questions. Just click the "Reply" button. Have a good one.

Established Community Backer ***

Re: journal entries

It depends on what you put on the JE: you avoid them for anything where Names are in use. You avoid them for AP, AR, QB inventory, QB sales, Sales taxes, QB payroll.

 

They Post when you Save them. Their Date controls which Year they affect. The Reports you run controls what you see, where and why.

 

So, what is Adjusted, and which Accounts were used, and what is the Date on the JE, and which Reports are you using?