I can share a few information about running financial reports in QuickBooks Online,
QB Beginner.
When setting the date period for August in the Profit and Loss report, then the bill created in July will not show in the report. This report will only show your income, expenses, and net profit or loss over a specific period.
While for the
Balance
Sheet report, the transactions you've created for July will show in August statement since it is a cumulative report that carries a beginning balance.
If the transaction you've created is not showing for both reports, you can set the reporting period to all All Dates option. You can also check if you choose the correct Accounting method when running the reports.
An
accrual-basis report shows income regardless of whether your customers have
paid your invoices and expenses or if you have paid all your bills. While a
cash basis report only shows income if you have received or paid expenses in
cash.
If the transaction is still missing, you can use the
Audit Log feature to see if it was modified or deleted by other users.
Please reply to this post if you need anything else with running reports. I'm always here to help.
