P&L with a custom percentage per property

You can easily and effectively manage and report on various properties in QuickBooks Online using the fantastic location or class tracking features, Ben.

These features allow you to break down your Profit and Loss report for each property.

First, set up your properties using either different locations or classes. Here's a brief explanation of each:

• Class Tracking: This categorizes transactions based on various segments of your business, such as product lines, departments, projects, or any other relevant categorization.

• Location Tracking: This categorizes transactions based on your business's different geographical locations or branches.

Utilizing these features gives you valuable insights into your business performance across different properties. If you decide to use location tracking, follow the steps in this article to configure it: Set up and use location tracking in QuickBooks Online.

Alternatively, if you prefer classes to organize your transactions, please refer to this article: Turn on class tracking in QuickBooks Online.

Once you've set that up, here's a step-by-step guide on how to run a Profit and Loss report by Class or Location.

1. On the left navigation panel, go to Reports.
2. Search for Profit and Loss by Store or Profit and Loss by Class.
3. Run the report.

After generating the report, you can export it to Excel to enter and calculate specific percentages with the help of an accountant who can provide tailored advice and ensure accuracy in your financial reporting. If you don't have an accountant, you can access our accountant tool to find an expert near you.

Additionally, I recommend utilizing our Live Expert Assisted team. They can offer real-time assistance, help you set up class tracking, and guide you through customizing your reports to suit your needs. This team is skilled in handling complex financial monitoring and can provide step-by-step support tailored to your business requirements.

I'll also share these guides that will help you tailor and save your report settings, simplifying your workflow:

• Customize reports in QuickBooks Online
• Save a customized report in QuickBooks Online

I'm thrilled to be part of your journey to simplify and optimize your reporting process within QuickBooks Online. Whether you're tackling complex percentage claims or organizing multiple properties, we're here to support you every step of the way. Please don't hesitate to reach out if you need further assistance or have additional questions. Have a great day!