IMPROVEMENT in PlanGuru 2012 v 126.96.36.199 now pulls current year net income into retained earnings during QB Import. This only applies to PG 2011 Users
From time to time we get questions about the treatment of YTD net income for data imported from QuickBooks. Customers will find that their historical retained earnings balances, imported from QuickBooks, don't contain year to date net income. For projected periods PlanGuru appropriately "rolls" YTD net income into retained earnings, the behavior is confined to your historical (and Actual) QB sourced data.
The cause of this behavior is that QuickBooks only closes the profit and loss to retained earnings at the end of the year, thus at mid-points during the year your imported PlanGuru balance sheet may be out of balance by YTD net income. We have a development issue open to hopefully resolve this issue with QuickBooks, but in the mean time please use the following work around:
After importing from QuickBooks to PlanGuru add a category in your Equity section and call it "YTD Net Income". Plug the year to date net P&L into this category thus bringing your balance sheet into balance. Again, this should only be done for historical periods.