Hi there, Not for Profit organisation requiring SORP compliant software. I changed the Company Type but the reports still say Profit

I’m glad to see you in the Community today, accounts-teachte.

Let me help ensure your concern about the Statement of Recommended Practice is properly addressed.

The report mentioned above is unavailable in QuickBooks Online (QBO) at this time. However, we have several reports that will provide the data you need. Here’s an article that displays the list of statements available in each QuickBooks version: Reports included in your QuickBooks Online subscription.

I also suggest consulting with an accountant for further assistance. They can recommend which report to open that will show surplus or deficit.

For additional resources, this article will guide you on how to tailor reports and focus on the details that are important for your business: Customise reports.

Additionally, you can go over this reference to learn more about customizing statements and get the details that fit your specific needs: Common custom reports in QuickBooks Online.

Keep in touch if you have any clarifications or questions about building statements in QuickBooks. I’ll be glad to answer them for you. Have a great day ahead.

@accounts-teachte 

Consider using QB Desktop Premier and you can set your company data as Non-Profit to generate specific reports. You can still purchase QB Desktop 2021 with the one time license if required.