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C
chrosonolotos
May 12, 2023
Question

Profit and Loss Classified by Detail Type

  • May 12, 2023
  • 1 reply
  • 0 views

Hello,

 

A client asked me to separate expenses on the P&L by expense sub-categories (ie: advertising/promotional, payroll, office gen/admin, bank charges, etc). This level of detail would allow them to focus on certain aspects of their P&L that matter to them most and isolate those elements.

 

In the chart of accounts, I gave every account a detail type to correctly identify which account belongs to which sub-category. Is there a way for the P&L report to separate expenses into sub-groups based on the detail type stipulated in the chart of accounts? This would alleviate the process of having to manually do this in excel.

 

Thank you!

    1 reply

    H
    Henock K
    May 12, 2023

    Hi chrosonolotos.

     

    Welcome to the Community. It's important to access you profit and loss report to keep track of your books.  QuickBooks Online is a great program that gives you the ability to easily track your sales and expenses. I'd be glad to provide you with information regarding the P&L report.    

     

    At this time, customizing your P&L report using the detail type stipulated in the chart of accounts isn't an option in QuickBooks. You can filter the report based on the name assigned in the chart of accounts. I encourage you to review this article on how to customize reports in QuickBooks Online.

     

    If you'd like to include the option to customize the P&L report based on the detail type of accounts, I recommend that you send us Feedback by clicking on the Gear icon at the top. This is sent to our Development Team to consider for future updates.

    Let me know if you have any questions, I'll be happy to help.

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