Issue: P&L values imported from QBO are incorrectly displayed, appearing as cumulative amounts in one year's column instead of reflecting the actual amounts distributed for each year.
β
β
Cause: The discrepancy stems from an incorrect Company Setup in QBO, which does not align with the setup in Active.
Resolution: To resolve the issue, please ensure that in QuickBooks Online (QBO), the first month of the financial year (& the financial year itself) and the accounting method align with the details specified in the binder details screen. Once these settings have been updated in QBO, refresh the trial balance in Active.
β
β