Question
In QuickBooks Online can I add a new subtotal line near the bottom of Profit & Loss stmt, labelled Income Before Income Tax. Then the Income Tax line. Then Profit.
It is standard procedure for public accountants to prepare P&L with a subtotal line called Income Before Income Tax, then Income Tax, and then Net Income. I set up the Corporate Income Tax Provision as a separate account. But the problem is trying to create Income Before Income Tax that will show Gross Profit less all the other expenses (except Corporate Income Tax).