Looking on date range statements I can see that income Minus the expenses is more than the actual amount transferred to our Bank account, what is the reason for that?
There could be several reasons why the income minus expenses is more than the actual amount transferred to your bank account. Some possible reasons could include:
- Holding of funds: Some platforms may hold a portion of your funds for a certain period of time before releasing them to your bank account.
- Fees: There may be fees associated with the transfer of funds to your bank account that were not accounted for in your calculation.
- Timing: The timing of when income and expenses are recorded and when funds are transferred to your bank account may not align perfectly, resulting in discrepancies.
It would be best to check with the platform or financial institution involved to get a more accurate understanding of why this discrepancy occurred.