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profit and loss

I have created invoices, received payments, and created statements.  Now when I look at my profit and loss, it is more than my deposit amount.  Is there a way to create a profit and loss that doesn't include my invoices and receive payments?

 

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QuickBooks Team

Re: profit and loss

Hello there, @A-1 Plumbing,

 

I can clarify things out for you.

 

Invoices aren't included on your P&L. Only transactions you've categorized as business income or personal are posted in this report.

 

Let's make sure to filter this report by the specific category and the bank account. This way, you'll be able to determine the actual income deposited on your account.

 

Here's how:

  1. Click Reports from the left menu.
  2. Select the desired date range, then click View on the Profit and loss section.
  3. Click the amount from the Income category.
  4. Select a specific category from the drop-down.
    businesscategory.PNG
  5. Select the desired bank account from the drop-down.
    selectbankaccount.PNG

There's a feature in QBSE where you can automatically apply transactions to a specific category. Check this out for the detailed steps and additional information: Use Rules to speed up Reviewing and Categorizing Transactions.
 

Feel free to leave a comment below if you have follow-up questions and I'd be glad to help.