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Run a profit and loss comparison report in QuickBooks Online and Online Accountant

by Intuit•23• Updated 2 weeks ago

Learn how to run a profit and loss comparison report in QuickBooks Online and QuickBooks Online Accountant.

Use profit and loss comparison reports to compare your income and expenses for different periods. You can compare your performance this week, month, or year with other timeframes. This shows you how your business is performing over time.

Some of your reports will look different depending on whether they're in the classic view or new enhanced experience. Learn more about the new enhanced experience.

Run a profit and loss comparison report

Go to Reports (Take me there).
Select the Find report by name dropdown, then select Profit and Loss Comparison. You can also browse the list.
Select the Report period dropdown, then select your preferred date range.
Note: By default, this report shows the current year-to-date and the same period last year.
Select the Accounting method dropdown, then select Accrual or Cash.
Select Compare. Here you can select multiple items.
1. To see the same period and dates last year, select Previous year (PY).
2. To see the last period for your preferred dates, select Previous Period (PP).
3. Select the Calculations dropdown, then select $ change or % change.

See an example

I want to see if this year's holiday week sales were better than last year. I only want to see the money I made, not the invoices, and the exact difference in the amount.

Go to Reports (Take me there).
Select the Find report by name dropdown, then select Profit and Loss Comparison.
Select the Report Period dropdown, then select This week.
Select the Accounting method dropdown, then select Cash.
Select Compare. The Previous year (PY) checkbox is already selected by default.
Select the Calculations dropdown, then select $ change.

This shows you how much you made for each product this year compared to last year.

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