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Run a profit and loss comparison report in QuickBooks Online and Online Accountant

by Intuit•4• Updated 1 month ago

Learn how to run a profit and loss comparison report in QuickBooks Online and QuickBooks Online Accountant.

Use profit and loss comparison reports to compare your income and expenses for different periods. You can compare your performance this week, month, or year with other timeframes. This shows you how your business is performing over time.

Some of your reports will look different depending on whether they're in the classic view or new enhanced experience. Learn more about the new enhanced experience.

Run a profit and loss comparison report

Go to Reports and select Standard reports (Take me there).
Select the Type report name here dropdown, then select Profit and Loss Comparison. You can also browse the list.
Select the Report period dropdown.
Note: By default, this report shows the current year-to-date and the same period last year.
Select the Accounting method, Accrual or Cash.
In the Compare to dropdown, you can select multiple items. Tick the Time periods and Calculations boxes as per your requirement.

See an example

I want to see if this year's holiday week sales were better than last year. I only want to see the money I made, not the invoices, and the exact difference in the amount.

Go to Reports and select Standard reports (Take me there).
Select the Type report name here dropdown, then select Profit and Loss Comparison.
Select Switch to modern view, if you see it.
Select the Report period dropdown, then select This week.
Select the Accounting method dropdown, then select Cash.
Select Compare. The Previous year (PY) box is already ticked by default.
Select the Calculations dropdown, then tick A$ change.

This shows you how much you made for each product this year compared to last year.

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