@Daynna @ametz1201 

"The funds have cleared the bank and all accounts are reconciled, but the P&L and balance sheet are not correct at all. I saw there is about $10,000 in undeposited funds. I have no idea what that is or why it is there, but I have feeling it has something to do with why the reports are not correct."

Undeposited Funds (UF) serve the same purpose as a bank account - a temporary one.  Its main purpose is to allow you to group payments into one, larger deposit.  Entries to undeposited funds hit your P&L and balance sheet (and all other reports) just like an entry that is deposited to your bank account.  So, if your bank account is reconciled and you have no outstanding payments to be deposited, then the entries in UF are duplicates and will need to be reversed or deleted depending on whether they are in the closed period or the current period.  Make sure they are duplicate entries first.  UF entries in 2023 can be deleted (assuming you don't close each month).  UF entries in previous years should be reversed in 2023.  Are these UF transactions payments received on invoices or deposits or ???