On the Dashboard Profit & Loss Widget it shows a % difference over the previous year. What is it calculating to get that %

Hello there, Paul. I'm here to provide you with some information about the percentage difference that is displayed on your Dashboard Profit and Loss Widget.

The widget in QuickBooks Online (QBO) provides you with an overview of your net profit over time, along with your total income and expenses. The percentage difference shown in the Dashboard Profit and Loss Widget compares the current year's net profit with the previous year's net profit.

For instance, the Net Profit for 2024 is $20,227 and it decreased by 28% from the previous year's profit, this means that the Net Profit for 2023 was 28% higher than that of 2024. Based on this percentage, your business was less profitable this year compared to the previous year.

To learn more about the profit and loss widget, here's how you do it:

1. Go to Dashboard.
2. Click Ellipsis (three dots).
3. Select About Widget.

In addition, you can check out this article that'll guide your cash flow is being calculated: How QuickBooks Online calculates your cash flow.

Please know that I'm just a reply away if you need any further assistance with your QuickBooks Online. Have a nice day.