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Why are my estimated taxes quarterly payments not showing up on my Profit and Loss report? I categorize the transactions, but they still don't come up on P&L report.

 
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Best answer November 27, 2019

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Moderator

Why are my estimated taxes quarterly payments not showing up on my Profit and Loss report? I categorize the transactions, but they still don't come up on P&L report.

Thank you for posting in the Community, @Tcost012.

 

The estimated taxes in QuickBooks Self-Employed is for federal taxes only. This will not show in the Profit & Loss report.  

 

Here are the other expenses that aren't included:

 

  • Assets
  • State Taxes
  • Estimated Taxes
  • Home Office and Healthcare Expenses

These are personal expenses and not a loss for the business, thus, it's excluded in the report. You can check the Tax Summary report instead. You can refer to this article for more details: Estimated taxes explained.

 

You can also check this helpful blog for more information: Quarterly Estimated Taxes Explained.

 

Let me know if you need anything else. I'm always here to help. Have a good one!

View solution in original post

1 Comment
Highlighted
Moderator

Why are my estimated taxes quarterly payments not showing up on my Profit and Loss report? I categorize the transactions, but they still don't come up on P&L report.

Thank you for posting in the Community, @Tcost012.

 

The estimated taxes in QuickBooks Self-Employed is for federal taxes only. This will not show in the Profit & Loss report.  

 

Here are the other expenses that aren't included:

 

  • Assets
  • State Taxes
  • Estimated Taxes
  • Home Office and Healthcare Expenses

These are personal expenses and not a loss for the business, thus, it's excluded in the report. You can check the Tax Summary report instead. You can refer to this article for more details: Estimated taxes explained.

 

You can also check this helpful blog for more information: Quarterly Estimated Taxes Explained.

 

Let me know if you need anything else. I'm always here to help. Have a good one!

View solution in original post

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