The balance sheet is pulling the incorrect net income from the profit and loss. Its pulling the last quarter only

Hi there, Kate. The reason your Balance Sheet is only pulling what appears to be last-quarter Net Income is due to the Fiscal year you've set up. QuickBooks Online (QBO) uses the fiscal year start date when drilling down into Net Income.

When you click the Net Income amount on the Balance Sheet, QBO won't use the date range you selected. Instead, it defaults to the fiscal year start month.

To verify this, you can check your fiscal year setup in the Account and settings.

Here's how:

1. Go to the Gear Icon, then select Account and settings.
   
2. Select the Advanced tab.
3. In the Accounting tab, look for the First month of fiscal year.
   

If this is set to anything other than January, that explains why the drill-down is limited.

If you have follow-up questions, please don't hesitate to click the Reply button.