I'm here to provide clarification regarding the uncategorized income reflected in your Trial Balance report and offer a solution for addressing this issue, Bilsbury.
Uncategorized income may appear in QBO reports due to transactions not matching with existing accounts. This can occur when unapplied cash payments are recorded before sales forms or without proper matching. We'll have to assign the correct category for the entries to fix the issue. Here's how:
- Go to the Gear icon in the upper right and select Chart of accounts under Your Company.
- On the Chart of accounts screen, look for the Untegorized Income and click the Run report link to view the list of entries.
- On the report's screen, choose Switch to classic view.
- Click the Report period drop-down, and choose the correct date range.
- From the list, open each entry to see the transaction details and then assign the correct category.
- Click the Save and close button.
Perform the same process for the remaining entries you're working on. For further information regarding the purpose of the account and detail types, along with the steps in setting up an account, click on each link below to access the full details:
In case you need help with removing unapplied cash payment income from your financial statements and adjusting your report data, open each article below for detailed steps:
Feel free to return to the Community for further assistance managing your transactions or generating financial reports. We're here to help you out.
