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March 2, 2021
Question

What can I do about transactions that aren't showing up on my P&L report under taxes?

  • March 2, 2021
  • 1 reply
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1 reply

March 3, 2021

Hi @cashley-lmft,

 

It depends on the category you assign to a transaction, which will decide how they appear on the P&L.

 

One example is the category Apps/software/web services that are greater than $200. It's considered an asset and handled on annual taxes as a depreciable asset.

 

The complete list is in this article: Schedule C and expense categories in QuickBooks Self-Employed. Scroll down and click the Learn how Schedule C categories appear on reports link. It will show you a table with the list of categories in QuickBooks Self-Employed and how they show up on your reports. 

 

You can keep this article as a reference: QuickBooks Self-Employed (QBSE) annual tax guide. It's a detailed guide on what you need to do to prepare your tax documents, along with links for related articles on this matter. 

 

Hit the Reply button and post a comment below if you have other questions with your P&L report in QBSE. I'll be around to help you out.