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pamrenniecakedes
Level 1

Why does my profit and loss show no expenses even though all My expenses are input?

 
3 REPLIES 3
LeizylM
QuickBooks Team

Why does my profit and loss show no expenses even though all My expenses are input?

Thank you for posting here on the Community page, pamrenniecakedes. 

 

Allow me to share some information about the Profit and Loss report.


You can review if the expense accounts are affected under Category details. Then, make sure to select the correct date range and the accounting method either it's accrual or cash basis. 

 

Let me show you how: 

 

1. Click the Reports tab in the left navigation menu.

2. Enter Profit and Loss in the search field. 

3. In the Report period drop-down, select the date range you want to show on the report. 

4. Then, set Accounting Method to how you want the income/expense reported.

5. Click Run Report.

 

You can check out this article to learn more about why income and expense transactions are missing from your profit and loss report: Why are my income and expense transactions missing from my Profit and Loss report?

 

If you want to memorize this report, you can check out this article for the detailed steps and information: Memorise reports in QuickBooks Online

 

Leave a comment below if you have other concerns related to running reports. The Community and I will be around to help you.

Haseeb Abddullah
Level 1

Why does my profit and loss show no expenses even though all My expenses are input?

I am using quickbooks desktop. For example i have ninety thousand profit in a year. And its shown in profit and lost statement. 

Ho can i prove or explain this profit to employer. Because there is less amount in bank account. 

So how i can tally my profit and lost amount. 

Help me please

GeorgiaC
QuickBooks Team

Why does my profit and loss show no expenses even though all My expenses are input?

Hi Haseeb Abddullah, to ensure all income and expenditure has been entered correctly, you may wish to reconcile the bank account. Please also note that the total profit on your P&L does not have any connection to the total current balance in your bank account. 

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