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February 11, 2024
Question

What do i do if the bills i payed dont show up in profit and loss statement

  • February 11, 2024
  • 1 reply
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I payed bills for 2023 and they are not showing up on the profit and loss report for my tax accountant. What did I do wrong

1 reply

February 11, 2024

How did you Categorize the Invoices?  Are they in an appropriate Expense Acct that shows up in the your Report? 

 

Also, when did you pay the Invoice and are you on an Accrual or Cash basis?  The Expense may not show up until 2024 if you paid the Invoice in 2024.  Check with your Accountant on how your books are set up and if the Reports are correct for their needs.