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info@electrolysi
Level 1

Why in my p&l report apeearts a balance ,but i didnt categorized any transaction.

 
2 Comments 2
Archie_B
QuickBooks Team

Why in my p&l report apeearts a balance ,but i didnt categorized any transaction.

Hi there, info@electrolysi. Let me share some information about the type of transactions that flow through the Profit and Loss (P&L) Standard report.

 

In QuickBooks Online, the P&L report shows you the summarized total income and expenses of your business at a specific period.  That means that all of your income and expense transactions you entered such as invoices, sales receipts, bills, checks, and credit memos/refunds recorded in QuickBooks Online will appear in this report.

 

We also have to keep in mind that even if you didn't categorize any transaction from your bank there is still a possibility of a balance showing in your P&L report for a particular period since it also includes your revenue, cost of goods sold, expenses, and income.

 

Here are some helpful links that surely give you additional information about the profit and loss report in QuickBooks:

 

 

I've also added this article to learn how you can customize these types of reports to get more detailed insights about business: Customize reports in QuickBooks Online using modern view.

 

If you have further questions or need assistance with categorizing transactions or generating reports in QuickBooks Online, feel free to ask. I'll be here to help.

BigRedConsulting
Community Champion

Why in my p&l report apeearts a balance ,but i didnt categorized any transaction.

To see what is behind the number on our P&L, click or double-click on the amount and QuickBooks will create a detail report. If the transactions that use the account aren't correct, click on the detail lines to open the transactions and change them.

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