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October 21, 2023
Question

After downloading all my YTD transactions from my business checking I tried to run a P&L report and it says my report does not contain any data. Am I missing a link?

  • October 21, 2023
  • 1 reply
  • 0 views
It looks like I have everything set up correctly in the report criteria.

1 reply

October 21, 2023

I'm here to assist you, @hotdogonarun-yah

 

To begin with, you can check the accounting basis set for the Profit and Loss report. The difference between cash basis and accrual basis reporting is how the date is established for reporting income or expenses.

 

Here's how:

 

  1. Head to Reports.
  2. Pull up the Profit and Loss report.
  3. Click the Customize button.
  4. Under the Accounting method, choose Cash or Accrual, depending on how you want the income or expense reported.
  5. Hit Run report.

 

You can visit this article to learn more about what's reported on the P&L report: Why are my income and expense transactions missing from my Profit and Loss report.

 

Additionally, it's essential to ensure the correct date range and categorization of transactions for accurate P&L reports.

 

Just in case you want to compare your income and expenses for different periods, you can check out this article for guidance: Run a Profit and Loss Comparison Report.

 

Feel free to click the Reply button if you need further help.