[nate1749]

If I view the COGS Account Register (Account 5000 for me) from Jan 1st until today, May 28th, 2008, and then I view the Income Statement from January 1st until the end of May, it does not match up at all.

I’m confused as to why the account 5000 says one number and the on the Income statement the same account has a different number for the same period.

Does anyone know the detail of how the income statement is composed since now I have to review every component of it.

Nate
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[smudgiebottom]

We noticed this issue when the Reports function was set to ‘by period’ instead of ‘by transaction date’.

It may not be the same thing, but try changing that (in your Set Preferences -> Reporting) and see if it makes more sense.

Matt

[nate1749]

RE: Why does the COGS register not match the COGS account on Income Statement?

Originally posted by smudgiebottom

We noticed this issue when the Reports function was set to ‘by period’ instead of ‘by transaction date’.

It may not be the same thing, but try changing that (in your Set Preferences -> Reporting) and see if it makes more sense.

Matt

I changed it to “never,” but that didn’t seem to work… hmmmm.

[nate1749]

RE: Why does the COGS register not match the COGS account on Income Statement?

Still stuck on this – any ideas?

[Former UG member – changed by Mod 2784]

RE: Why does the COGS register not match the COGS account on Income Statement?

Using the register for the COGS account (you listed one account) may not capture the correct number. COGS is a type of account, as well as an actual account itself. Depending upon the financial report layouts, some other COGS accounts may roll into the number seen on the income statement.

Does that help?

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