Let's get the data on your reports balanced, ohs88.

Based on the details you've provided above, you've changed the fiscal year's starting month to December. This should also be the starting date in your Company Information.

1. Click Company at the top menu and select My Company.
2. Click the pencil icon to edit the Company Information.
3. In the Company Information window, select the Report Information menu.
4. Change the First month in your Fiscal Year to December.
5. Click OK.

When you access the two reports (Balance Sheet and Profit & Loss), make sure the following filters are the same:

• Date
• Report Basis: Accrual or Cash

If the same thing happens, we can drill-down the transactions associated to the Net Income.

1. Open the Profit & Loss or the Balance Sheet.
2. Click the amount for Net Income.
3. Print or export it to Excel.

Compare the transactions and see which ones are causing the difference.

Let us know how this goes so we can help you more.