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October 8, 2022
Question

Taxable profit is not correct because my income is not correct

  • October 8, 2022
  • 1 reply
  • 0 views
How to correct my income?  

1 reply

October 9, 2022

I can help you fix the incorrect income, greg-bass-g2cool.

 

You'll want to review the income transactions manually from your Profit & Loss report. This way you'll be able to trace what's causing the incorrect income.

 

Here's how:

  1. Go to Reports.
  2. Enter Profit and Loss in the search bar.
  3. From the Accounting method, choose the correct method.
  4. Filter the Report period correctly.
  5. Click Run report.

Also, you can access all reports available within QBO through the help of these articles. This will help you know more about managing a wide range of reports in QBO:

I've also added our page about reports and accounting that I'm sure you'll find helpful. It contains related articles related to the accounting process and reports.

 

Let me know if there's anything else you need help with while working with the Profit and Loss report. I'm always here to assist you.