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Q: Why is my Income Statement and Executive Summary reports different than my Income Statement – Overhead Allocated report?


The standard (GAAP compliant) Income Statement report and the (non-GAAP) Income Statement – Overhead Allocated reports will likely never match one another. That is normal.

The reason is that the “Income Statement – Overhead Allocated” uses a calculation method (based on your OH Allocation selection for each expense type in COA) to “best guess” overhead for that expense. In addition, this report does not consider any expense item type that does not have an overhead allocation method selected.

The standard Income Statement reports all use actual values.