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yanam
April 30, 2019
Question

How to record a "not recognised" expense?

  • April 30, 2019
  • 1 reply
  • 0 views

I need to record an expense for 2018 that was paid in 2019, but it should not be recognized in the 2019 P&L report (nor the 2018 P&L, as this is now closed).  How do I do that?

1 reply

JamesC
JamesC
April 30, 2019

Hey Yanam,

 

Thanks for your Question, Welcome to the UK Community Page for QuickBooks Online.

 

I would like you to run this question by your businesses accountant, as there is potentially a specific way you should do this for your business.

 

I wanted to share with you an article we have on customizing the profit and loss, along with some information about the accounts that post to a profit and loss - https://quickbooks.intuit.com/community/VAT/VAT-exceptions-and-reports/m-p/239631

 

I'll leave this post open to the other users of the forum for their input - we have a number of accountant superusers and regular posters that may be able to assist.

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