Why is cash deposited in the bank not the same number as Cash Basis income?


These items can cause a discrepancy between the two: 

  • Transaction Categories that are mapped to non-income accounts that were paid that period.
  • Journal Entries to income accounts
  • Security Deposits paid in
  • Security Deposits forfeited (deposits applied to balance)
  • Prepayments from last month that were applied to charges this month
  • Paid charges created in a prior month that were reversed in this month



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