I started my business with $40,000 in my account. 5 months later my net says I have a negative $5000. My account has gone down from $40,000 to $10,000. I would have thought it would say negative $30,000 net, to explain my 30,000 lost in my account. My quick books was set up by a CPA (for about $2000) and I have a very experienced employee handling data input. My question is, why is my net negative 5,000 instead of negative 30,000? I am sure there are 100's of explanations why I guess I am trying to figure out what IS NOT reflected on the P&L. I use to use the P&L to set my mind at ease but I am not sure anymore. Oh the reason I am not asking my CPA it just simply cost to much to talk to him. Thank your time and any info on the subject!