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Valya Mkrtchyan
April 2, 2024
Question

P & L

  • April 2, 2024
  • 1 reply
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The variances between turnover in profit and loss statements and transaction lists report on invoices stem from shipping income generated by mass imports and VAT amounts not included in the P&L report

1 reply

I
IrizA
April 2, 2024

Hello there, Valya. I'm here to provide some information regarding reports. 

 

In QuickBooks Online (QBO), you'll unlikely see the value-added tax (VAT) in the profit and loss (P&L) since it only includes income and expenses. However, you can pull up a report named VAT Detail Report or any report that has the VAT information. 

 

Here's how: 

 

  1. Go to the Reports menu located at the left navigation panel. 
  2. In the Search bar icon, enter the VAT Detail Report. 
  3. You can change the Report period, Accounting Method, and others in the Customise button.  
  4. Once you're done, click Run Report. 

 

On the other hand, to see the shipping income generated by mass import data, you'll need to ensure that the date ranges and accounting bases are correct and the sales item points are in their right sales accounts. You can also customize them according to your preference. 

 

Additionally, you can use this material for more guidance: Customize reports in QuickBooks Online. 

 

Furthermore, you can also export your reports if you'd like to use them outside of QuickBooks by selecting the Export icon and choosing either Export to Excel or Export to PDF. 

 

The Community is always here to guide you through the process. Just let us know, and we will be glad to help you out. 

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