The Data Damage Series
Uncategorized Income & Uncategorized Expenses. Rebuild can sometimes record out of balance transactions to these two QuickBooks-created accounts. If you find transactions that you did not enter, they may be the source of the data damage.
QuickBooks creates the Undeposited Funds account to manage payments and deposits. In the register, you will see matching debits and credits. A check mark in the cleared column means that entry is paired with an identical but opposite entry. If you have no Payments to Deposit, you should have a zero balance in Undeposited Funds. If have a non-zero or negative balance, then one or more Undeposited Funds transactions may be damaged.
Resolve a Balance Sheet out of balance provides resolutions for this issue.
When two reports that should have the same amount have different amounts, you may have to run detail reports and compare them line by line. For example, if your P&L does not agree with your Sales by Item Summary: