cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Patygonza
Level 1

The project profit and Loss report is not showing exchange gain/loss for payments to suppliers

 
1 REPLY 1
Erika_K
QuickBooks Team

The project profit and Loss report is not showing exchange gain/loss for payments to suppliers

Let me share some information on why your Exchange gains or losses aren't showing in your reports, Paty.

 

Exchange gains or losses from supplier payments are handled by the company and recorded in the main Profit and Loss (P&L) statement. However, the P&L by Project or Project Profitability report only reflects exchange gains or losses from invoices and payments for customer projects in foreign currencies.

Overall, the main P&L report includes all supplier payments as well as their exchange gains or losses. In contrast, the project report focuses exclusively on customer projects in foreign currencies.

With this, refer to the standard P&L report to view the exchange gains or losses of your supplier payments.

image.png

 

Here are articles you can explore for insights on maximizing your financial reports:

 

 

Return to this thread if you have additional questions about managing your financial information. 

Need to get in touch?

Contact us