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msapanli-gmail-c
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How can I correct expense is showing up as an income in P& L report?

 
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JoesemM
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How can I correct expense is showing up as an income in P& L report?

Glad to have you here in the Community, @msapanli-gmail-c.

 

You'll want to check the transaction type of your expenses to check if it's correct and modify it if needed. This way, your Profit and Loss report will pull up the correct information. I'll guide you how:

 

  1. Click on Reports at the left pane.
  2. Select on Profit & Loss.
  3. Choose the correct date range.
  4. Double-check its transaction type and change it if it's incorrect. 

 

However, if it's in the Banking menu, you can exclude the transaction then import again using web connect, here's how:

 

  1. Go to the Banking menu.
  2. On the Banking page, select the For Review tab.
  3. Select the checkboxes of the transactions to exclude.
  4. From the Batch actions drop-down, choose Exclude Selected.

 

Once done, you can know now import bank transactions from .CSV to QuickBooks. Make sure that your CSV file must be formatted correctly to avoid any error message.

 

If you're receiving a specific error while uploading, go to this article: Fix Bank Upload Errors. Then, click the link specific to the message you've received. 

 

Once imported, I recommend categorising and matching the transactions to the existing entries in QBO. Doing so will help ensure your financial records are accurate. Just go to the For Review tab to complete this task. 

 

Stay in touch if you have other concerns by leaving a comment below. I'm always glad to help in any way I can. ​Have a great rest of the day. 

 

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