OMG, Candus Kampfer ... my CPA just sent me a note saying my Balance Sheet Income and my P&L Income did not match for 2021 and I watched your video for 2 minutes and figured out that my settings for my reports were set to different dates ... one was month to month and one was last fiscal year ... I changed them both to last fiscal year and it reconciled straight away!!! You are my hero ... thanks again!!!!!!!!!!!
Hi Chele, What a coincidence! 😄 I'm so glad this was able to help you! If you would like to learn more about QuickBooks, we are hosting special workshops. You can add your contact information here: canduskampfer.com/training Have a great day! Ireland Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer
@@CandusKampfer qb profit and loss and balance sheet and bank statement must be matched all? If not necessary, we do reconcile with a bank statement to match all. So I’m confused 😐
Your cash flow and your bank aren't always the same amount because you may pay down liabilities or have or types of transactions that don't show up on the P&L but do impact your bank balance. Have a great day! Susan ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
You can assign these transactions to your equity account such as Owner's Distribution/Owner's Contribution (if sole prop. - "Member" for LCC and "Shareholder" for Corp.) to keep them separated. Thanks! Kindra ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
I NEED to show my clients this. They continually tell me “well my bank account says differently” and it drives me nuts!!! I can explain why until I’m blue in the face, but they just don’t get it!!!
Hi Mariene, Thanks for reaching out. We're so happy you found this video helpful! If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
Hi! Thank you for watching our videos 😊 I will add your question to the list Candus uses to create new QuickBooks tips each month. If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have a great day! Ednalyn ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
Thank you for watching our videos 😊 I will add your question to the list Candus uses to create new QuickBooks tips each month. The best possible way for you to receive support from Candus is to register for and attend her workshop. Here is the link to register to attend: canduskampfer.com/workshop Have a great day! Kindra ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
OMG, Candus Kampfer ... my CPA just sent me a note saying my Balance Sheet Income and my P&L Income did not match for 2021 and I watched your video for 2 minutes and figured out that my settings for my reports were set to different dates ... one was month to month and one was last fiscal year ... I changed them both to last fiscal year and it reconciled straight away!!! You are my hero ... thanks again!!!!!!!!!!!
Hi Chele,
What a coincidence! 😄 I'm so glad this was able to help you!
If you would like to learn more about QuickBooks, we are hosting special workshops. You can add your contact information here:
canduskampfer.com/training
Have a great day!
Ireland
Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
@@CandusKampfer qb profit and loss and balance sheet and bank statement must be matched all? If not necessary, we do reconcile with a bank statement to match all. So I’m confused 😐
This is great info. I'm trying to find out if my cash flow ending bank balance should match what you reconcile
Your cash flow and your bank aren't always the same amount because you may pay down liabilities or have or types of transactions that don't show up on the P&L but do impact your bank balance.
Have a great day!
Susan ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Pinterest: pinterest.com/canduskampfer/
What about excluding a few personal transactions that were on the business bank account? How do we exclude it properly to not throw off the balance?
You can assign these transactions to your equity account such as Owner's Distribution/Owner's Contribution (if sole prop. - "Member" for LCC and "Shareholder" for Corp.) to keep them separated.
Thanks!
Kindra ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Pinterest: pinterest.com/canduskampfer/
do you have a video on why my balance sheet bank balance doesn't match my my real bank accounts.. all the mths are reconciled correctly..
I NEED to show my clients this. They continually tell me “well my bank account says differently” and it drives me nuts!!! I can explain why until I’m blue in the face, but they just don’t get it!!!
Hi Mariene,
Thanks for reaching out.
We're so happy you found this video helpful!
If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here:
CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
Does the cash at the end of the period suppose to match the bank balance?
Hi! Thank you for watching our videos 😊
I will add your question to the list Candus uses to create new QuickBooks tips each month. If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips
Have a great day!
Ednalyn ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Pinterest: pinterest.com/canduskampfer/
Why does my quickbooks profit&loss not match my balance sheet?
Thank you for watching our videos 😊
I will add your question to the list Candus uses to create new QuickBooks tips each month.
The best possible way for you to receive support from Candus is to register for and attend her workshop.
Here is the link to register to attend: canduskampfer.com/workshop
Have a great day!
Kindra ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Pinterest: pinterest.com/canduskampfer/