Why Your Revenue Might Not Be Accurate (Even If The Report Looks Fine)
Revenue is one of the easiest places for things to go wrong.
I’ve seen plenty of files where revenue looks reasonable on the surface. But once I compare it to actual deposits:
Some income hasn’t been recorded
Some deposits are entered twice
Timing is off between months
None of that jumps out when you run a report.
You can have a clean-looking P&L that doesn’t reflect what actually happened.
That becomes a problem when you start relying on it. You might think you’re growing faster than you are - or the opposite.
It also shows up in cash flow.
“We’re profitable, but it doesn’t feel like it” usually traces back to a mismatch between what’s recorded as revenue and what actually hit the bank.
A few things to check:
Do deposits in QuickBooks match the bank
Are there duplicates or missing entries
Is revenue sitting in the correct period
Are payments applied properly
If revenue isn’t accurate, everything built on top of it is off.
BookWise Bookkeeping
Phone 314-325-2478
info@bookwisestl.com