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May 10, 2020
Question

Can I show my takings inclusive of vat on my profit/loss report?

  • May 10, 2020
  • 1 reply
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1 reply

May 10, 2020

Welcome to the Community, @hi31.

 

At this time, there isn't an option to customize the Profit and Loss report to show the takings for inclusive of VAT. Please know that the report will automatically run on the basis you have chosen in your VAT settings.

 

As a workaround, you can open each of the transactions and enter a description if it's under the Inclusive of VAT. Then, export the report to Excel and manually compute the takings from there.

 

Here's how:

 

  1. Click Reports from the left menu.
  2. Search for Profit and Loss Detail report.
  3. Open each of the transactions and enter a description that is under Inclusive of VAT.
  4. Once done, click the Export icon and select Export to Excel.

From the Excel file, you can filter the transactions with Inclusive of VAT and manually compute the takings.

 

I've got you an article for more details: Export your reports to Excel from QuickBooks Online.

 

For more information about customising reports in QuickBooks Online, feel free to check out this article: Customise reports in QuickBooks Online.

 

Please let me know if you need clarification about this, or there's anything else I can do for you. I'll be standing by for your response. Have a great day.