How can I remove the Inventory shrinkage when I make PL report?

I have steps so Inventory Shrinkage will remove in your Profit and Loss report, @izumij-mandnllp-. Happy to share detailed steps to achieve your task. 

I'd recommend using the Cash method to eliminate Inventory Shrinkage. Just remember that if you switch accounting methods, the accounts and balances in your reports may change.

Follow these instructions:

1. Go to the Reports menu, then open Profit and Loss. 
2. Click the Customize button and pick the appropriate Report period. 
3. In the Accounting Method, choose Cash. 
4. Select Product/Services in the Rows/Columns drop-down. 
5. In the Filter section, choose relevant data and hit Run report. 

For details about customization, check this link: Customize reports in QuickBooks Online.

However, if you want to use Accrual as your accounting method, removing the Inventory shrinkage account and the amount is currently not possible.
 

Here's an article for available reports that will help you see the product cost, the product on hand, and more: Use reports to see your sales and inventory status.

To give more information about managing inventory in QuickBooks Online, check out this article: Inventory management.

If you have any additional inquiries about handling reports and inventory items, I'll be right here to help. Have a great day, and stay safe.