Hi Rasa-LilaM - thanks for the reply.
Your suggestion fixes it for Profit & Loss - but not for Balance Sheet.
If I run Profit & Loss as Cash then yes, it only includes Cost Of Sales that have been matched/entered from my bank feed/bills and does not include the Cost Of sales that QBO generates when I create invoices - so that removes the 'duplicate' Cost Of Sales figures that I was talking about which was giving me an incorrect Income figure.
However - when I run the Balance Sheet...
If I run it as Cash - it takes in the correct Cash PL Income figure but does not take the latest/updated Stock Asset figures - it takes (I think) my original Opening Balance figures - which were set in 17/18 but have changed since then due to sales/re-stocks.
If I run it as Accrual - then it gives me the correct Stock Asset figure as at end of year for the 18/19 financial year - but it takes in the incorrect Income figure from PL.
So, for Balance Sheets - both ways are wrong and both come back to the way that QBO is generating these Cost Of Sale figures every time I create a sales invoice.
Thanks.
