Is it possible to run a profit and loss in QB online utilizing only one bank account? (rather than the three we have in our account all together)

Certainly, you can filter the report to show only one account, @kelli9.

I'll share the steps on how to get a report that'll help you view one bank account. You can do it by customizing your profit and loss report.

Here's how:

1. Go to Reports, then type "Profit and Loss" in the search field.
2. Select the Customize button, then tick the Filter drop-down.
3. Check the Distribution Account box, and then mark your bank account from the drop-down.
4. Click Run report. See the attached image below for steps 3 and 4.

After filtering the report, the information for that specific account will show in the report. Need help in customizing reports? Check out this guide: Customise reports in QuickBooks Online.

You can also visit this link to check our general reports topics with articles that'll help you with your other tasks.

Keep me posted if you still have questions. I'm always here to help. Take care and have a good day ahead.

This process doesn't work for me.  When I filter by the bank account I get all zero's on the balance sheet.  

The same thing was happening when I was on a live chat trying this technique and the live chat rep didn't really have an answer for why we are losing data when we filter to one bank account.  Any advice?

Thanks for coming back to the Community, kelli9.

I appreciate following the resolution shared by my colleague and sharing the result.

The Profit and Loss report is driven by income and expense accounts, so Balance Sheet accounts don't affect it. QBO is unable to directly filter your Profit and Loss Report by bank account.

Alternatively, use the Location tracking option so you can create a report that lists each account. Please know this functionality is available in the Plus version.

To activate:

1. Tap the Advanced tab on the left panel to access the Categories section.
2. Click the Pencil icon to mark the box for Track locations.
3. Hit Save and Done.

To set up the bank as a location:

1. Go to the Gear icon at the top and select All lists.
2. Choose the link for Locations.
3. Click on the New button in the upper right to open the Location Information window.
4. From there, the name of the location (bank).
5. Press the Save button.

When creating transactions, click on the Location drop-down and pick the name so QuickBooks will properly track them. You can now build a report for each bank. Go to Step 4 in this article for detailed instructions: Run a Profit and Loss report by bank account in QuickBooks Online.

The following links provide information on how to manage your location, monitor your income, expenses, or profitability.

• Set up and use location tracking
• Get started with class tracking in QuickBooks Online.

Visit the Community again if you have any other concerns about QuickBooks. I’m always ready to answer them for you. Enjoy the rest of the day.

Highly disappointed this isn't an option.  I am not paying for the plus version.  This feature is imperative to my non profit.  

I'm so disappointed that our small nonprofit paid for the online version and I can't do this basic report.  We cannot pay for the plus version.

Looking for directions with this work around for the current version of QB online.  (September 2021) Thanks

I found this thread looking for the answer to this exact same situation. It is ridiculous that this simple  task is not included with Quickbooks Online (I have the Plus). I've tried the convoluted solutions and they don't appear to do what I need. I imagine it is hopeless to expect this issue to be fixed, as it is an obvious flaw, and they haven't done anything yet.