Ronzwyf
Jun 26, 2012, 10:41 PM
I am a sole proprietor. My Balance Sheet is reflecting two Net Income entries.
The first Net Income entry seems to be generating from Quickbooks automatic year end closing entries that has created a negative amount.
The second Net income appears to be the normal income/ expense P&L entries for the month.
Why is the Balance Sheet generating two separate Net Incomes?
The first Net Income entry seems to be generating from Quickbooks automatic year end closing entries that has created a negative amount.
The second Net income appears to be the normal income/ expense P&L entries for the month.
Why is the Balance Sheet generating two separate Net Incomes?