Hello, 

I have been reviewing a great QB Desktop Tutorial: Reports Basics & Financial Statement Analysis, and have learned how to do a comparison between the PL and the Balance Sheet to better understand changes on the Balance Sheet and how they affect assets from the beginning of the fiscal year to the last month (July). 

In the first step of this comparison, I have found the $ difference of Total Income on the PL's by running the accrual and cash basis reports. The $ difference between the two PL statements is $94, 315.35.   Note that when I ran the PL reports, the cash basis had a higher value than the accrual basis and I am not sure why. 

For the second step of the comparison, $94,315.35 is also shown on the attached Balance Sheet as Total Accounts Receivable but has a negative value.  I am having trouble understanding why it is negative and how to explain this in layman terms.  

Any feedback is appreciated and as always Thank You!

QuickBooks Desktop Tutorial: Reports Basics & Financial Statement Analysis