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You see an account called Uncategorized Income on the profit and loss statement. What is the probable source?

April 26, 2017account called income loss probable profit source uncategorized

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You see an account called Uncategorized Income on the profit and loss statement. What is the probable source?

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It could be an Accounting preference setting, or an overpayment recorded in the receive payments windows or it could be a new customer with an existing balance in the current year. QuickBooks creates this account when you enter an income transaction that is not assigned to any other income account.