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February 29, 2020
Question

Can I add a tax column to P & L reports?

  • February 29, 2020
  • 1 reply
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1 reply

AddieC
March 2, 2020

Hello, 


Customizing your reports in QuickBooks Online helps you create a unique picture of your business finances. It's great that you're looking into all your options for the Profit and Loss report to stay in-tune with your company's health. I'll explain why you're not going to see a column for tax on the P & L. 

 

The Profit and Loss report is used to show your income, expenses, and net income (profit or loss). This report is also called an Income Statement. 

Since sales tax is something you collect on behalf of the Government, it's never considered income for your business. Reflecting these funds on the Profit and Loss report isn't possible. 

 

If you'd like to see your total taxes, I recommend reviewing your Sales Tax reports. You can find all the available tax reports by clicking the Reports tab on the left navigation menu. I'd encourage you to explore the Taxable Sales Summary, or your tax detail reports. 

 

If you have any other questions, please don't hesitate to reach out to our tech support team


Have a nice day.