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eaglesimulator-g
October 30, 2022
Question

I've been entering net revenue for our leaseback ops when I should have entered gross revenue and costs. How do I retroactively go back and add gross revenue and costs?

  • October 30, 2022
  • 1 reply
  • 0 views
This is for an aircraft leasing business. The flight school subtracts fuel, insurance, maintenance and admin costs to arrive at a net value each month. We receive a check for the net value where costs are already deducted. we want to show everything from gross revenue to costs for fuel, insurance, maintenance, and admin. How do we retroactively update QBOL to show our business more accurately?

1 reply

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LeizylM
October 30, 2022

Good day, eaglesimulator-g. 

 

I'll make sure you'll be able to show the gross revenue in QuickBooks Online. 

 

In QuickBooks, there isn't a specific report that'll show the gross revenue. However, you can pull up the Profit and Loss Report report to view your total income. I'll show you how:

 

  1. Go to the Reports menu.
  2. Type in Profit and Loss in the search box, then select it to open.
  3. Set the reporting period.
  4. Click Run report.

 

Once done, check the total amount of sales. It'll be your business's total revenue in a specific period.

 

Also. I've added some additional articles about managing a wide range of reports in QBO:
 

 

Feel free to comment if you have other reporting questions. I'm always here to lend a hand. Have a nice day!

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