Guide
How to Review a Profit and Loss for Accuracy
October 26, 2026 · 1 min read
This guide explains how to ensure the accuracy of a Profit and Loss statement using FlowLedger's features.
Understanding FlowLedger's Role
FlowLedger acts as an evidence layer on top of QuickBooks, providing insights without altering the original data. It ensures that all actions taken are read-only and do not write back to QuickBooks.
Using Money Truth Reports
Money Truth reports show leftover dollars from an independent second source, calculated from stored events. These reports remain blank if only QuickBooks is connected, ensuring no fabricated matches are presented.
Evaluating Book Integrity
Book Integrity highlights structural issues within the QuickBooks file such as duplicate entries, unexplained opening equity, and stale open items. Each issue is recorded and can be inspected individually.
Reconciliation Workspace
The reconciliation workspace allows pairing every financial movement against a second source. Match statuses are persisted between sessions, enabling continuous verification.
Catch-Up Scanning
Bookkeeping Catch-Up scans past periods against imported bank and processor statements. This process uses a period workspace to address findings systematically without posting back to QuickBooks.
Cash and Forecast
Cash and Forecast creates a near-term cash projection based on stored daily movements, open invoices, and open bills. This feature remains inactive until sufficient historical data is available, avoiding any guesswork.
Run it on your own file. Connect QuickBooks and one real source, and see the leftover in dollars. When the evidence is not there, FlowLedger leaves the field blank.
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