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August 6, 2020
Question

Hi I’m new to Quickbooks My profit and loss has a loss of $62 but my expenses are $1000 why don’t they show up on the profit and loss?

  • August 6, 2020
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1 reply

AlcaeusF
August 6, 2020

Welcome to the Community, @gwalker-upholste.

 

There are a few possible reasons why your expenses are not showing in the Profit and Loss (P&L) report in QuickBooks Online (QBO). Among these are the Date and the Accounting basis.

 

Ensure that you've selected the right date in the Report period section. Then, check if you're using a Cash or Accrual basis. 

 

The difference between these two is how the date is determined for reporting the expense.

 

To know more about what's reported on the P&L, consider checking out this article: Why are my income and expense transactions missing from my Profit and Loss report?

 

Please let me know if you have any other issues or concerns by clicking the Reply button below. I'll be here to assist. Have a wonderful day!