Why net income is shown including the pending invoice amount? At the end of year, any pending invoices (paid in next year), shall not be included in this year net income.

Thanks for sharing your concern with us, apr-ridgeitsolut.

You'll probably be using the accrual method of accounting in your Profit and Loss. Since you don't wanna show pending invoices, you'll want to switch it from Accrual basis to a Cash basis of accounting method. Aside from that, make sure the dates are filtered correctly.

Here's how:

1. Go to Reports.
2. Enter Profi and Loss in the search bar.
3. From the Accounting method, choose the correct method.
4. Filter the Report period correctly.
5. Click Run report.
   

Also, you can access all reports available within QBO through the help of these articles. This will help you know more about managing a wide range of reports in QBO:

• How to Customize Reports: Basics, Sorting & Date Ranges
• Run reports in QuickBooks Online
• Memorize reports in QuickBooks Online

I've also added our page about reports and accounting that I'm sure you'll find helpful. It contains related articles related to the accounting process and reports.

Let me know if there's anything else you need help with while working with the Profit and Loss report. I'm always here to assist you.