Have you ever noticed that your Balanced Sheet and Income Statement have different month end balances?
The primary source of confusion is that Income Statements and Balance Sheets can be ran by Date or by Period, if you are not reporting on the same date range you are likely to see variances. The other issue can be that you have Period and Date mismatches. This will only happen is you have the Accounting Preferences to warn or allow dates outside of the designated periods. Below I will show you how to build the saved search to identify and resolve the mismatches.
1. Navigate to Reports > New Search
2. Select Transaction
3. Click Create Saved Search
4. Add a Search Title – Resolve Period and Date Mismatch
5. Under Criteria Filters:
- Add Main Line is true
- Add Period is This Period
- Add Date is Before end of last month
6. Under Results Fields:
- Add Order Type
- Add Date
- Add Period
- Add Type
- Add Document Number
- Add Name
- Add Memo
- Add Amount
7. Click Save & Run on the top left corner.
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