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Mar 18, 2024 5:44 PM UTC
Question

How do i keep personal accounts separate from corporate when i run a balance sheet or profit and loss report?

How do i keep personal accounts separate from corporate when i run a balance sheet or profit and loss report?

3 replies

Mar 18, 2024 7:32 PM UTC

Welcome to the Community, MJR3. I can provide you with the steps in running a report without including your personal accounts.

 

There are several ways to customize your reports, such as filtering to show specific accounts or customers and formatting layouts to display the correct data.

 

Here's how:

 

  1. Go to Reports. Search for the Profit and Loss report.
  2. Click Customize. Then tap the drop-down arrow beside Filter.
  3. Under the Distribution Account field, select an account you want to show in the report.
  4. Tick Run report.

 

In addition, you can visit our article on customizing reports for additional information and detailed steps.

 

Also, just in case you want to save your customized reports, you may visit this article: Memorize reports in QuickBooks Online
 

If you have more concerns about running reports, comment below or post it in the Community. I'm always here to help.

BigRedConsulting
Mar 18, 2024 9:36 PM UTC

You should never mix personal and corporate accounting in the same set of books. There's no reliable way to fully exclude the impact of doing this from your corporate reports.

Mar 19, 2024 12:53 AM UTC

@MJR3 

You can use the Class feature in QBO Plus to separate those transactions. I would recommend having 2 QBO accounts for your case or using QB Desktop to manage multiple data files.