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June 3, 2024
Question

Does anyone else notice that when you do a profit and loss report, the transaction fees aren't included in the expenses?

  • June 3, 2024
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1 reply

June 3, 2024

Hello, Candace. I'd be happy to walk you through on how to find the transaction fees in the Profit and Loss report in QuickBooks Self-Employed (QBSE). 

 

The transaction fees are included in the Profit and Loss as long as you categorized them as an expense. The Transaction/Processing fees category is used to categorize processing fees, and all transactions under it are accumulated in Other business expenses on your Profit and Loss report. You can click the amount for Other business expenses to see the transactions. Here's how: 

 

  1. On the left menu, select Reports.
  2. In the Profit and loss, select the date. Then, View.
  3. Click the amount beside Other business expenses.
  4. Look for the transaction from the list.

 

In addition, if you wish to export transactions in the future, check out this article: Export transactions and get reports in QuickBooks Self-Employed.

 

Please leave a comment below if you have further questions about the transaction in the Profit and Loss report or any other concerns within the program. We're always here to help. Have a good one.

June 3, 2024

Hi!  Yes, I see how to do that, but I don’t have a category on my P&L report for “transactions and processing fees”.  All such transactions have that category assigned to them, but the category itself isn’t showing up on the P&L.