Other Cash Income


J

Julie Irvin

In my profit & loss statement (cash) there is an Income line item that is NOT
in my COA "other cash income" some months this number is positive and some
months this number is negative. When I try to double click on it to drill
down, it does not allow it.

When I change from cash to accrual, "other cash income" is not there.

Any help would be greatly appreciated. I need to figure out where this
number is coming from so I can get my taxes done.
 
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L

Lance [MSFT]

Julie, the other cash income account that appear in cash basis track payments
received that are not linked to invoices and customer refunds that are not
linked to credit memos. For these cases the program knows you have have
income but it does not know what sort of income you recieved so for lack of a
better place to put these, it lists it in this account.

To classify the income, find the payments without invoices, enter an invoice
for the payment and then link the invoice to the payment by using the receive
payments screen to apply the payment as a credit against the invoice.

The AR Aging details report is the place to look for these unapplied
payments. Look for Customer Payments or Customer Refunds. Any of these that
appear in that report indicate a payment for which there is no invoice or a
refund for which there is no credit memo.

This posting is provided "AS IS" with no warranties, and confers no rights
 
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In Office Accounting 2009

I only have one source of income. I only have one account for my income. I also got this line which had me very irritated.
After a bit of digging, I found that it is referring to my recieved payments that I voided. I was adding old payments into the program, and after adding about 10, I realized that I had to change todays date to the date months ago when it was recieved. This is why I will be doing my accounting with Excel. I absolutely hate when a program does not allow you to fix clerical errors, and assumes you are a criminal and leaves a big mess for you to explain to the IRS.
 
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I only have one source of income. I only have one account for my income. I also got this line which had me very irritated.
After a bit of digging, I found that it is referring to my recieved payments that I voided. I was adding old payments into the program, and after adding about 10, I realized that I had to change todays date to the date months ago when it was recieved. This is why I will be doing my accounting with Excel. I absolutely hate when a program does not allow you to fix clerical errors, and assumes you are a criminal and leaves a big mess for you to explain to the IRS.
Click "Actions" and then click "Edit". Correct it... then click "Save and Close".

Sincerely,
pebcak
 

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