QuickBooks Blog

Ledger Light logo… from before LedgerLight.com existed

Years ago, I was looking to buy a document stamp that said Reconciled. Seemed logical to me to have one, and I knew I'd use it a lot. I looked and looked, but when I couldn't find one I decided to have one custom made. I thought it would be cute to have a little image on it, so that's what I did. Imagine my delight at seeing it again today after not seeing it for a long time.

What does Other Comprehensive Income do?

It makes sense to think of the OCI statement as sort of like a reconciliation statement. It accounts for the difference between the FMV reporting and the amortized cost reporting on the two financial statements. But off the top of my head, there is something inconsistent about this. The two most important financial statements used by large firms and investors are required to be reported on different bases.