Should Debt Service show as an Expense on the Profit and Loss by Tag Group report?

Welcome to the Community, oldguy.

I'll share some information about what accounts will be displayed on the Profit and Loss report.

The accounts shown on the Profit and Loss statement will depend on how you have set them up in your QuickBooks Online account. If you set up the Debt Service as an Expense, this should show as an Expense on the report. Check this article for more details: Balance sheet vs. profit and loss statement: What’s the difference?

In addition, you can personalize your reports and focus on the details that matter the most to you. Refer to this article for more information: Customize reports in QuickBooks Online.

Get back to this post if you have follow-up questions about reports or other concerns you may have. I'll be sure to assist.