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Item setup issues causing overstated or understated income
Item setup issues can cause overstated or understated income in reports (such as the Profit & Loss or sales reports).
If items were bought and sold, but only an income account is selected in the items, the amount of income on reports in QuickBooks will be incorrect.
How to fix it
To find the item that is setup incorrectly:
Right-click anywhere in the list.
Account by clicking it once.
is directly under
column in the
column; if the
is blank or has an income account listed, this item is setup incorrectly.
To correct the item setup (with the option of retroactively correcting past transactions that used this item):
Double-click the item that is setup incorrectly.
This item is used in assemblies or is purchased for a specific customer:job
(if it is not already selected)
Select an accurate expense or COGS account in the
A message will be displayed that prompts you to update previous transactions or not - select the option that is best for you
KB ID# SLN42511
3/25/2017 6:46:53 AM
QYPPRDQBKSWS03 9138 Pro 2017 4fe819