QB Issue Resolution:

“why the sales are showing for 2016, rather than when they came into my account in early Jan 2017.”

The Banking date is not considered “constructive receipt” because that is Settlement, not Payment. If the Payment is dated in 2016, you got it in 2016, even if it is not in a deposit to the bank until 2017.

Example:

You get 5 payments in Dec 2017. They are considered Paid in 2017. The Deposit to checking shows as 2018. That is Settlement as banking. That is not the date you got Paid.

This is why getting banking downloads is a misunderstood process and a lot of people have their data in the Wrong Year for tax reporting.

Example:

You pay me by check in Nov 2017.

I take it to the bank in Jan 2018.

You incurred that cost in 2017. Your expense is supposed to be dated Nov 2017.

I did my banking in 2018, and your 2017 expense entry is uncleared in reconciliation, until it is Processed by the bank = verified in 2018 as Completed.

Resolution for Issue 'A few payments from Dec 2016 hit my bank & QB in early 2017, yet are not showing up in my 2017 Sales or P&L, only deposits & 2016 Sales. I’m on cash basis. Any ideas why?' available: Yes (Solved).
Source: Intuit Community forum.

A few payments from Dec 2016 hit my bank & QB in early 2017, yet are not showing up in my 2017 Sales or P&L, only deposits & 2016 Sales. I’m on cash basis. Any ideas why?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

Support for Account
Quickbooks Repair Pro will resolve it efficiently and affordably. Guaranteed resolution of your issue, or you pay nothing!

Error Recovery for Account [Canada]
E-Tech is the #1 Quickbooks data migration and Conversion service provider.

Get 50% off Quickbooks Online

Click Here for 50% off!

Additional Support Options: