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T
TheMerg
April 14, 2019
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Profit & Loss Report Not Showing Invoice and Not Payments

  • April 14, 2019
  • 1 reply
  • 0 views

Okay, I am using QB Premier 2016 and have been trying to use the Profit and Loss Detail Report. I am finding that for the transaction type being displayed for Income that it is using "Invoice". I would like to show the report using Payments as there are many times that Invoice is not fully paid or paid at all. I see that I can filter on the Paid Status of an Invoice as being Open or Closed, but that still doesn't completely resolve the issue since if the Invoice is not completely paid, it is still considered to be Open. 

 

I do see that I can set the Report basis to be based on Cash instead of Accrual, but was not sure if that is actually computing things as I want them to be. If that is all it takes, I'm fine with that.

 

I realize that I am probably not including enough information, so if you do need more, please let me know.

 

Thanks,

Merg

Best answer by

If you run your P&L on a cash basis then the invoices will show up but on the payment dates.  Payments won't show up because they don't use income accounts.

1 reply

A
Anonymous
Answer
April 14, 2019

If you run your P&L on a cash basis then the invoices will show up but on the payment dates.  Payments won't show up because they don't use income accounts.

T
TheMergAuthor
April 14, 2019

Gotcha. That might work for me still.

 

Okay, then, so is there a different report I should be using to view my "Profit" based on payments as opposed to Invoiced amount?

 

Thanks,
Merg

A
Anonymous
April 15, 2019

Different than a P&L on a cash basis?  Why do you want something different?

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