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January 7, 2023
Question

In the profit and loss window, does the net profit shown, include wages deducted?

  • January 7, 2023
  • 1 reply
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1 reply

DHeraV
January 8, 2023

I appreciate you dropping by here in the Community, @totalgardenworks,

I'm here to share some information about the Profit and Loss (P&L) report in QuickBooks Online (QBO). When running a P&L report, it'll only show the income and expense transactions that you've made in QBO. The payroll-related liabilities won't show in it. 

If you want to see the wage deduction in a report, you can run a Balance Sheet instead to see all payroll-related liabilities. 

To run a Balance Sheet, follow these steps:

1. On your QBO account, go to the Reports tab.
2. In the search box, enter the Balance Sheet.
3. In the Balance Sheet report page, you can then choose to customise the reporting period, display rows/columns, and filter.
4. Once ready, click Run report.

For detailed information, kindly visit: What is a Balance Sheet report in QuickBooks Online?


I'll also share this article you can use if you want to learn how to download your data from QuickBooks Online: Export data, reports, lists, and more from QuickBooks Online.


Don't hesitate to leave a reply if you require further assistance with running reports in QBO. The Community team always has your back. Have a great day ahead!