Question $8$

Why would the income line on the Profit and Loss report in QBO

disagree with the total in the Sales by Customer report?

Because a closing date was set and a subsequent invoice was recorded

Because there is a customer in QBO that is also a supplier and those types of

transactions will not appear on the P&L

Because there are bad debts on the Sales by Customer report, and bad

debts shouldn't appear on the income line of the P&L

Because the Sales by Customer report does not include credit notes