$831k of income that never existed
Invoices recorded then deleted, payments counted twice — how income your bank never saw ends up in your books.
0:40 · captions on · Phantom income
Transcript
This Sydney business's books recorded eight hundred and thirty-one thousand dollars of income. Here's how much of it actually reached the bank. None of it.
That's phantom income — money your books count as earned that never landed. Invoices recorded, then deleted. Payments counted twice.
It quietly inflates your income, your GST, and the tax you pay on both. Reconcile finds every dollar of it — proven against your real bank line, on a read-only copy of your books. Your live file is never touched.
Run the free books diagnostic at reconcile. extrua. com.
au/start.
