Make sure you set up schedules correctly, as KK stated.

Keep balance sheet items out of income statements. Keep cash flow items out of the income statement. Loan payments are not an income statement item. The interest is an expense and goes on the income statement, while the principal payment reduces a liability in the balance sheet. This is my primary gripe about reading Quickbooks statements from clients.
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"Give me the anger, fish! Give me the anger!"

They call me POODLE SMOLT!

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