SBFM2000: Payroll Expense Total Different Than QuickBooks Profit and Loss Total

• Microsoft Small Business Financial Manager, included with:
  • Microsoft Office 2000 Small Business Tools
• Microsoft Excel 2000

SYMPTOMS

The total payroll expenses listed in the Income Statement report of the Microsoft Small Business Financial Manager (SBFM) may show a different amount than the payroll expenses listed in the Quickbooks for Windows Profit and Loss report.

CAUSE

This problem occurs when the following conditions are true:

• You import data from Intuit Quickbooks for Windows, version 7.0.
  
  -and-



• Your Quickbooks accounting file contains payroll transactions that are adjustments and that have been cleared (marked as Clr). For example, your Profit and Loss report in QuickBooks lists items such as YTD adjustment or Liability adjustment.
  
  -and-



• You run the Income Statement report in the Small Business Financial Manager.

STATUS

Microsoft has confirmed this to be a problem in the Microsoft products listed at the beginning of this article.

MORE INFORMATION

Transactions in QuickBooks for Windows that are adjustments to payroll and that are marked as cleared are not imported into the SBFM. The total expenses for payroll as seen in the Income Statement report of the SBFM does not include these adjustments. If your payroll accounting data includes transactions that are adjustments and are marked as cleared, the total payroll expenses in the SBFM will show an amount that is less than the payroll adjustments in QuickBooks.

MORE INFORMATION

The third-party products discussed here are manufactured by vendors independent of Microsoft; we make no warranty, implied or otherwise, regarding these products' performance or reliability.

Additional query words: OFF2000 SBFM2000

Keywords : xlsbfm kbsbt
Version : :; WINDOWS:2000
Platform : WINDOWS
Issue type : kbbug