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Dali748
March 23, 2023
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Is there a way to show the P&L statement report with the "custom category" names that I've added?

  • March 23, 2023
  • 1 reply
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Original commenter did not share additional details
Best answer by MariaSoledadG

I like the ability to edit the category amounts live by clicking the amounts within the "Profit and Loss" and "Business and personal expenses" reports, I would just like to see these same reports with the ability of being able to view my custom categories and also the normal view it shows now.  Is this something that can be added in the future?

 

The export method you mentioned is a temporary workaround I can use but does make this more complex having to export the data instead of updating and viewing it directly on the QBSE platform.


I'm glad that you've considered editing the category amounts as an important function for your business. I'll guide you on how to send feedback for your custom categories, Dali748.

 

You'll use a Schedule C form to report your self-employed income and expenses. Thus, every time you categorize a transaction, QuickBooks Self-Employed matches it to a line on your Schedule C and that's the reason why you're unable to view them in your custom categories in your Profit and Loss and Business and personal expenses reports. 

 

You'll want to let our product team know how this is helpful for your business by sending feedback. This will help improve your experience while using the program. To do so, you can follow the steps below:

 

  1. Go to the Assistant menu.
  2. In the Type something... field, type in Submit Feedback.
  3. Select the Add a feature option.
  4. Type in your recommendation in the Type something... field after the Got it. What would you like to see added? question and click Enter.
  5. Click Yes to confirm.

 

I've added this handy article to give you a general guide and help you prepare your taxes: QuickBooks Self-Employed Annual Tax Guide.

 

Drop your comment below if you have any questions about reports or categories. I'll always be right here to help you.

1 reply

R
rvrfrf
March 23, 2023

Thanks for reaching out to the Community, Dali748.
 

To verify my understanding, what are you referring to when you mention custom categories?
 

Once I have this information, I'll be able to do further research and see what options might be possible.
 

I'll be looking forward to hearing back from you. Have an awesome Thursday!

D
Dali748Author
March 23, 2023

For example if you go under "Manage Categories" and click one the categories listed you can add a custom category there.  However, when I view the P&L statement report it rolls up my custom categories into the main category that it's listed under; so I'm not able to see a breakout of all the custom categories I created.

 

So is there a P&L statement report that I can run that shows my P&L statement broken out by the different custom categories I created so I can better verify that I have the correct expenses listed under those custom categories?

Angelyn_T
Angelyn_T
March 23, 2023

My pleasure to have you back, @Dali748. Thank you for sharing additional information about your concern. I'm here to give you insights about running your Profit and Loss statement in QuickBooks Self-Employed (QBSE).

 

Your Profit and Loss report uses the expense categories that line up with the Schedule C tax form. Each time you categorize a transaction, QuickBooks matches it to the correct line on your Schedule C form. I understand that you want to see the breakdown of your categories to verify your expenses. At this time, you can open the Business and personal expenses instead. This data will show you all your expenses broken down by category.

 

Here's how:

 

  1. Sign in to your account.
  2. Click on Reports on the left pane.
  3. Go to the Business and personal expenses section.
  4. Filter the dates, then select View.
  5. Review the information from there.

You may print or export your data by clicking on the Print or Export icon.

 

On the other hand, you can also get more hints while managing your financial reports in our system from here: Run balance sheet and profit and loss reports to manage your business.

 

I'm pleased to share these details with you today. If you have follow-up questions about your reports or statements, let me know by leaving a comment below. I'm always here to help. Have a good one!

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