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December 17, 2023
Question

If I set the Account in the trans to my checking acct. When I Run the P/L Report, targeting the same account in the Distribution dropdown. I get all zeros.

  • December 17, 2023
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1 reply

December 17, 2023

Thank you for reaching out to us today, @TomR233. I understand the importance of running your financial reports in QuickBooks Online (QBO) to review business data in real time. I'd be glad to help you by providing some ways to achieve it.

 

The Profit and Loss report summarizes the total income and expenses of your business. Meanwhile, bank, checking, and credit card accounts are classified as Balance Sheet accounts. To learn more about what a Profit and Loss report is, check out this video.

 

That being said, filtering out the Profit and Loss by Distribution Account specifically to the checking account will not show the related transactions to it and will show zero amount.

 

To view the transactions associated with your checking account, you can run and customize the Balance Sheet report or Transaction Detail by Account report instead. Just go to the Reports menu and search for the Balance Sheet report to pull it up. Once open, click the amount to drill down into the transaction report.

 

Furthermore, see the following steps below to run the Transaction Detail by Account:

 

  1. Go to the Reports menu.
  2. Enter and select Transaction Detail by Account.
  3. Tap Filter. Then, choose the Account name from the Filter section.
  4. Pick equals in the operation section and your checking account in the Value.

 

Additionally, we've got some articles to help you handle your reports and how to personalize them based on the details you need:

 

 

Please do not hesitate to reach out if you have any further questions about managing your financial reports or encountering any other challenges with QuickBooks. The Community is always ready to assist you, and we wish you success in your business efforts. Have a great day, TomR233!