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On weeks you didn't run you do not need to add anything under INCOME.
  • On weeks you didn't run you do not need to add anything under INCOME.

  • You'll notice that the net settlement is a (-) negative number.

  • The negative expense is already being expensed once to you here so you do not need to expense it in your next settlement.

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Unless you already have a sub-category for Previous Balance please add one now. Select ADD NEW
  • Unless you already have a sub-category for Previous Balance please add one now. Select ADD NEW

  • Select RETAINED EARNINGS. Learn more about this category

  • Enter the name of the transaction so you can easily refer back to it on future settlements. Click ADD

  • With the sub-category linked with RETAINED EARNINGS this amount will be deducted from your settlement so it balances out but will not change your income or expense for taxes.

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After you add the amount of the Previous Balance then you'll see your net settlement decrease and match the settlement in your hand. This was the goal all along.
  • After you add the amount of the Previous Balance then you'll see your net settlement decrease and match the settlement in your hand. This was the goal all along.

  • Also, if you go and check on your Business Report you'll notice that the PREVIOUS BALANCE amount was not deducted as expenses again since it was in the previous week.

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Aaron

Member since: 11/02/2011

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