expense

Hi there, @dapowellcutting.

Let's verify the accounting basis and date range of your report to help you find the missing transaction. 

The Profit and Loss report includes the summary of revenue, expenses, and total cost of production. 

The accounting basis you have selected for your report determines the date when your transactions are recorded. If you have chosen the Accrual method, your business reports income and expenses for both completed and pending transactions. On the other hand, if you have chosen the Cash method, your report will only show the income and expenses for completed transactions. You can check this article for more information: Learn common accounting terms. 

The Profit and Loss report includes the summary of revenue, expenses, and total cost of production. Make sure to set the correct date range under the Report period.

You can check this article for more information on how to troubleshoot missing income and expense transactions in your report: Find the missing income and expense transactions in your Profit and Loss report. 

From here, you can add several filters to add all the information you need: Customize reports in QuickBooks Online. 

Let me know if you need further help with your report. I'm always here to answer them for you. Have a great rest of the day!

@dapowellcutting 

A travel trailer is a fixed asset which is recorded as a fixed asset on your balance sheet.  You should see it under Tools, Machinery, & Equipment on your balance sheet.  It is not an expense (and therefore not reflected on your P&L) until it is depreciated.  You have options for depreciation so work with your CPA/tax accountant to determine the depreciation method that works best for you from a tax perspective.