balance sheet

Question

Our balance sheet is not reflecting the correct net income amount from the income statement.

Char DeLange · Answer

Hi Jenny

Why doesn't the Current Profit (Loss) on my 2-2-21 Balance Sheet not match the Net Income on my 2-3-21 Income Statement 
 Created on 07-29-2014 | Last modified on 11-18-2020

Summary 
 The Net Income on your Income Statement does not match the Current Profit (Loss) on your Balance Sheet. 
 Cause 
 You may be running these reports for different time frames 
 Resolution 
 
 The Balance Sheet Period is Period Ending Year to Date. The Income Statement can be just monthly. 
 They need to be run for the same periods. 
 Ex: Balance Sheet for (March) will not Equal Income Statement March to March. 
 The Income statement will need to be run using Period 1 (January maybe?) - March (Year to date) 
 Keywords: 
 Product: Sage 100 Contractor 
 Solution ID: 43413

Sage Construction & Real Estate

balance sheet

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