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Matching revenue and costs in P&L reports

Your profit and loss report may be confusing if your costs are recorded in one period and your revenue (or invoice) is recorded in a different time period. If that happens, your financial statements may show a lower than usual profit margin in one period and a higher than average profit margin in the next period. This issue is typically referred to as a timing problem.

If you want to avoid this issue, you can create the QuickBooks invoice for your customers when you receive the products from the vendors or as soon as you are finished building the goods.

See also

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