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MIKER1
Level 1

Profit and loss report shows car, van and travel expenses as zero but tax summary shows correct figure

Why does my Profit and Loss report show Car, Van and Travel expenses as zero but Tax summary shows the correct figure?

3 REPLIES 3
Angelyn_T
Moderator

Profit and loss report shows car, van and travel expenses as zero but tax summary shows correct figure

Hello there, @MIKER1.

 

I'd be glad to help you today so you'll be able to generate your Profit and Loss (P&L) report correctly.

 

To help us check why your P&L report shows Car, van and travel expenses as zero but has the correct figure on the Tax summary, is by checking the date range of the report you've opened. It's possible that the report's date isn't customized/filtered correctly.

 

To customize the report's date range:

  1. On the report's page, click on the drop-down arrow beside the date selected.
  2. Select the date range you want to include or customize the period you want to open.

You can see attached screenshots for additional reference.

c2 tax summary.PNG

c2 profit and loss.PNG

For further details about car, van, and travel expenses, you can check this article: About car, van, and travel expenses.

 

Stay posted if you have any other questions about running reports in QuickBooks Self-Employed. I'll be always here to help you!

MIKER1
Level 1

Profit and loss report shows car, van and travel expenses as zero but tax summary shows correct figure

Thank you Angelyn.

I did check the date as you suggested. It correctly showed last tax year. I also manually entered the start and finish dates and nothing changed. Everything else on the Profit and Loss report is correct. I do understand how the simplified expense method works and car, van and travel expenses show correctly on the home page and tax summary. I have not used the automatic mileage tracking but have manually entered all my business trips. 

Thank you for your help.

HoneyLynn_G
QuickBooks Team

Profit and loss report shows car, van and travel expenses as zero but tax summary shows correct figure

Hi there, MIKER1.

 

I appreciate you updating this thread and trying the recommendations of my colleague. I'm here to provide you more information.

 

I've checked my resources and was able to confirm that there's an on-going investigation about figures not matching between Tax summary and P&L reports. Our engineers are aware of this issue and they're currently working for a permanent fix.

 

In order to obtain further data on this investigation, I suggest contacting one of chat or email specialists. They have the necessary tools to add you to our notification list.

 

Here's their contact directory: Contact QuickBooks Self-Employed Support.

 

I'll be sure to update this thread too if I receive news. Thank you for your patience and understanding.

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