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A
arkvalleyinfo
February 13, 2019
Question

Can one calculate EBITDA in QuickBooks On-Line? It does not appear so or am I wrong?

  • February 13, 2019
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1 reply

A
Anonymous
February 13, 2019

EBITDA is a common term, but it is (usually) not a number that appears on the income statement - it may have to be calculated after.

but In QB "Operating Income" can be considered to be the same measure. OpInc is the subtotal that appears above "other income and other expense"

You should be putting all expenses for interest, depreciation, taxes in as "other expense" (or "other income" where appropriate).

I
iriteizips
March 1, 2021

I was able to reclassify interest and depreciation under OTHER EXPENSES. However, there's no account type option under OTHER EXPENSES for Taxes. Paid Taxes are by default under EXPENSES.

 

Would be nice to have another sub category to allow the PnL to automatically calculate EBITDA

C
Catherine_B
March 1, 2021

Hello there, iriteizips.

 

Yes, the Taxes paid detail type is under the Expense account type. I'd take note of this feedback so additional categories will be included in one of our future updates. You can also run the Profit and Loss report and customize it to only show the EBDITA accounts. Here's how: 

 

  1. Click Reports from the left menu.
  2. Under Business Overview, click Profit and Loss.
  3. Click the Customise button and select Filter.
  4. From the Distribution Account drop-down menu, put a checkmark on the Select All box.
  5. Unselect accounts that you'll want to exclude.
  6. Click Run reports.

Then, export the report to Excel and manually add the EBITDA line. For more details on how EBITDA works, you can use this link: EBITDA: Definition, formula, and how to use it.

 

Let me know if you have other questions. Take care!

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