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February 27, 2021
Question

Just signed up. How do I ccreate a P and L report for last year?

  • February 27, 2021
  • 1 reply
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1 reply

February 28, 2021

Let's go to the Reports menu to create your Profit and Loss report in QuickBooks Self-Employed (QBSE), @painrehabva-gmai. I'm here to guide you how.

 

You'll first have to add your self-employed transactions for last year to pull up your Profit and Loss data in QBSE. When you connect your account to online banking, the system automatically downloads your recent transactions. To keep your account updated, you can either manually add your last year's data or import them from a CSV file

 

After that, you'll have to categorize your transactions. This way, you're able to organize your income and expenses and generate the right amount of taxes. You can refer to this article for the step-by-step guide: Categorize transactions in QuickBooks Self-Employed.

 

Once everything is all set, follow these steps on how to pull up your last year's Profit and Loss report:

  1. Go to the Reports menu.
  2. Select Profit and loss.
  3. Choose the Last year option on the date drop-down.
  4. Click View.

 

I've attached a screenshot below for your reference.

 

To learn more about the basics of QBSE, I'd recommend checking out this article: QuickBooks Self-Employed Overview. It includes topics about tracking tax info, Schedule C categories, and subscription, to name a few.

 

Please don't hesitate to drop a comment below if you have other concerns about pulling up reports and managing your transactions in QBSE. I'm just around to help. Take care always.