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Can invoices be posted so that the product/service shows up in the P&L rather than in misc sales?

 
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QuickBooks Team

Re: Can invoices be posted so that the product/service shows up in the P&L rather than in mis...

Welcome aboard to the Online Community, john76.


The product/service will show under Misc Sales when the said account is used to track the items. You’ll have to update the Income account in the Product/Service information window and then recreate the invoices using the correct information

 

This way, the goods are posted to the right account on the Profit and Loss Report. I have a few easy steps to perform this task.

 

To change:

 

  1. Go to the Gear icon at the top and pick Products and Services to edit the item.
    in.png
  2. Choose the items you’re trying to update by clicking the Edit link.
    in1.png
  3. In the Product/Service information window, click the drop-down for Income account and select the correct posting account.
    in2.png
  4. Hit the Save and Close menu.

Next, pull up the Invoice List Report to view all transaction. Here’s how:

 

  1. Navigate to the Reports menu on the left panel to choose the Invoice List Report.
  2. Click the Report period drop-down to select the correct date.
  3. You can also use the Customise feature to modify the data displayed on the report.
  4. Hit the Run report button to reflect the changes.

Then, delete the transactions one at a time. After removing all invoices, recreate them and enter the same product/service to ensure you’re financial reports and records are correct.

 

You can also use the Audit Log Tool to see the complete details of the deleted data. This is a built-in feature that tracks users' activities, changes to settings, customers, suppliers, and employees.

 

To view the report:

 

  1. Go to the Gear icon at the top of your company to choose the Audit Log.
  2. Click on the drop-down for Filter to sort the data.
  3. In the Events section, make sure to select the Show All Events option.
  4. Click on Apply.
  5. Hit the View link to check who modified the entries.
    op.png op1.png op3.png

For future reference, I’m adding an article with detailed instructions on how to change the product/service types and steps to adjust the inventory quantity: Inventory items.

 

Stay in touch if you have additional questions. Please know I’m always ready to answer you. Have a good one.