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March 18, 2024
Question

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

  • March 18, 2024
  • 3 replies
  • 0 views

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

3 replies

March 18, 2024

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
March 18, 2024

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.

March 19, 2024

@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.