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May 19, 2020
Question

My profit and loss is showing minus

  • May 19, 2020
  • 1 reply
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1 reply

May 19, 2020

Welcome back to the Community, @duchessduchess12.

 

It shows negative in the income section when you had made either refund/expense/write check using an income account or sales account. If the expense section is negative, you made a deposit.

 

I'll add this video as your reference as your guide to learn more about Profit and Loss: Understanding Profit & Loss Statement: Income, Cost of Goods.

 

You can also consult your accountant for more details in understanding profit and loss.

 

Please feel free to leave a message if you need further assistance. I'll be around to help. Stay safe and healthy.