FX gain/loss on Profit and Loss by Tag Group Report

Hi, @daNiSMors. Let me provide insights about running the Profit and Loss (P&L) by Tag Group report.

I can see that your FX gain/loss transactions are reflected on your P&L report but not in the P&L by Tag Group report. It can happen when these entries don't have tags added. You can open these transactions and make sure to add tags under the Tags section. I've added this screenshot for your visual reference.

Once done, reopen your report to see the result.

For more tips about the foreign exchange gains or losses, you can open this article: Frequently Asked Questions about Home Currency Adjustments.

If you have other questions about your report, let me know by adding a comment below. I'm more than happy to help. Keep safe!

Yes, we did that to all transactions when there's an option for tagging. I have attached screenshots of the P&L by Tag and the actual Bill Payment where there's no tag option field. Is there a way we can tag it? I got the same question with Journals too.

Hello daNiSMors,

Tags can be added to many different transaction types, such as bills, invoices or expenses, but not all transactions can be tagged. The two types you mentioned, Journal entries and Bill payments, are not able to be tagged to be seen in the report. The bill payments shouldn't be appearing in any Profit and loss report, as the expenses would be recorded within the Bill itself, and not the payment. I can see how having the ability to add tags to these transactions can help you see them categorized in various reports. I recommend leaving feedback in the system by clicking on the Gear icon, then Feedback. The comments made in that section are taken into consideration when designing new features for QuickBooks Online.

If you have any other questions, feel free to reach out here.