Community Discussion: Why do my rental reports differ

Why do my rental reports differ

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The original poster claims to have a problem because the Quicken Banking > Cash Flow report does not produce the same results as the Quicken Rental Property > Cash Flow report.

The original poster compounds his mistaken interpretation by stating unequivocally: "These are the built in reports. They should produce the same results and not have variances." Then saying, " ... standard reports should always have the same information."

Those statement are just plain nonsense.

It's alright to be ignorant, everyone is ignorant of many things. But it's not alright to pretend to know what you clearly do not know: it's best to accept the fact that you might not know everything, and simply ask for help without pontificating.

The two reports produce different results by design. The Rental Property > Cash Flow report will only use "Rental Property transactions", while the Banking > Cash Flow report will use any transaction.

A "rental property" transaction is a transaction is any transaction that has a Schedule E tax line item assigned, or a transaction that has NO tax line item assigned but has a Rental Property tag assigned.

Non-rental property transactions will NOT appear in Rental Property reports (or displays).

And the problem is NOT that the Quicken Rental Property reports exclude non-rental property ACCOUNTS by default; given the criteria for determining whether a transaction is a "rental property transaction", it should be clear that rental property transactions can occur in non-rental property accounts. Quicken knows that, so Quicken does NOT exclude non-rental property ACCOUNTS from Rental Property reports - Quicken only excludes non-rental property TRANSACTIONS from Rental Property reports.

NOTE: while the Banking > Cash Flow report does exclude non-BANKING accounts by default, the Rental Property > Cash Flow report does not; it includes ALL accounts by default. So while that default account selection might account for the difference in the two reports experienced by the original poster in this specific instance, it will ultimately NOT account for all differences between those reports, regardless of what ACCOUNTS are selected for the reports.

[The importance of understanding the criteria for Business reports and Rental Property reports has been posted in the Quicken Community multiple times. As of May 18, 2021, doing a Search in the Community for "rental property" turns up information that the original poster should read, in the first (of many) discussions listed on the subject of the Search.] [Last Community post: 05-18-21 @ 7:05 am]
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John Pollard
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