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February 15, 2019
Question

How do I get my Profit and loss to break out different income catagories?

  • February 15, 2019
  • 2 replies
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2 replies

February 15, 2019

Great to see you today, @arkvalleyinfo,

 

I'm happy to provide you the steps to customize a Profit & Loss Report in QuickBooks Online.

 

If you want to see specific accounts or class on the report, you're able to filter them manually using the Customize option in QBO. Here's how: 

  1. Go to the Reports menu.
  2. Choose Profit and Loss from the Business overview section.
  3. Click the Customize button.
  4. Update the Report period.
  5. Select the Filter menu to expand the options.
  6. If you want to filter selected accounts, mark the Distribution Account check box and select the preferred accounts from the drop-down.
  7. If you're using the class tracking feature, click the Class check box then manually select the classes you want to view on the report from the drop-down.
  8. Click Run report.

You might want to check this article to know more about customizing reports in Quickbooks Online: How to customize reports?

 

You’re more than welcome to visit the Community whenever you need further assistance. I'm here to lend you a hand. Have a good day!

February 10, 2020

What I need for my P&L is different categories like this:

Revenue(Income)

Direct Cost(Expense)

Equipment Overhead(Expense)

Indirect Cost(Expense)

Administrative Cost(Expense)

Net Income

 

When I do your suggestion on customization all the expenses are lumped together. Thats not how I need it to be.

Please advise any help appreciated

 

February 10, 2020

I'm here to help you with the categories for your P&L, @candre-585.

 

1. Go to Accounting from the panel on the left. 

2. Click the New button from the top right. 

3. Choose the Category Type

4. Select the Detail Type

5. Type out what you'd like the account to be named. 

6. You can enter a description if you'd like to, but it isn't required. 

7. Pick Save and Close

 

Now, for the categories to show up on the P&L correctly, you'll need to make sure you tag the correct account when creating transactions. 

 

Please feel free to post again or reply to this thread if you have any other questions. Thanks for reaching out to the Community! Have a great day.

 

February 10, 2020

I understand and have all my expenses listed using this method. I am talking about sections on my Profit and Loss Report. I would like customized sections.