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Simplify payday and set payroll to run automatically on QuickBooks.Explore QuickBooks Payroll

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QBsguru
Level 7

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Any transaction that appears on your balance sheet will not appear on the P&L.  These would include loan payments, payments to credit cards and other liability accounts.  Receipts from customers that have been invoiced and are included in Accounts Receivable are not included since both A/R and A/P transaction are posted when the invoice or vendor bill is created.  You can change your default on the report from accrual to cash for timing differences. 

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