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Adeel104
November 25, 2022
Question

Cant get Real time profit and loss

  • November 25, 2022
  • 1 reply
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Hi I am Adeel
i want to know  that i m doing  e-commerce business here is a problem i m facing that
shipping (carriers )costs are recorded with the date of payee bill and they will send the bill in july but 30% of delivery order shipping cost is of june sales 


so how i can get the real profit and loss report while also maintaining  Accounts payable ledger 

1 reply

T
Trish_T
November 25, 2022

Hi Adeel104,

 

Welcome to Community!  Feeling confident about the transactions you enter is key in keeping your books balanced.  QuickBooks Online provides the features you need to simplify how you record your transactions.  I'd be glad to assist!

 

In order to record the shipping cost from a previous month, I suggest recording it as a retainer or deposit.  Another option would be to enter a supplier credit depending on how you enter the purchases.  If you enter bills you plan to pay at a later date, or if you enter expenses or create cheques.  If you're not sure, I recommend reaching out to your accountant for their expertise and best course of action.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.

 

Feel free to reach back out if you have any other questions.  We'd be happy to help!

 

 

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