I need to setup a customize P&L with proper layout of expenses for restaurant business which give the exact bifurcation of food & beverages and COGS calculate separate

Hello there, Sudha. I'd be glad to provide details about customizing your Profit and loss (P&L) in QuickBooks Online (QBO).

Before we proceed, please note that QBO and Xero are different software platforms with distinct functionalities and features.

That said, you can still personalize your P&L reports to some extent by utilizing the available feature of the software.

1. Go to Reports and select Standard.
2. Type and click Profit and loss in the search field.
3. Customise the report using the different features.
4. Click the Customise button for more options.
5. Once done, click Run report.

Please refer to this article for more details: Customise reports in QuickBooks Online.

Also, you can export your P&L Report to add specific details you require based on your preferences.

Additionally, you can memorise your reports to save your current customization for future use.

Let us know if you have other concerns with customizing your P&L reports in QBO. We're here to help you in any way we can.