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Client creates invoice, records payment and deposit. Why are the invoices (accounts receivable) transactions showing up on the P&L? I'm running reports as cash basis. Makes no sense.
QuickBooks has an array of reports that you can generate and customize to suit your business needs. I can share some information about the profit and loss report in QuickBooks.
You may have generated the Profit and Loss Detail report. It displays a complete list of your income, expenses, and net income.
Also, it shows the individual transactions including the invoices, sales receipts, expenses, and checks that comprise it.
I've added these articles to learn more about how you can generate the Profit and Loss report in QuickBooks:
Fee free to leave a post if you have other questions about generating income and Account Receivable reports n QuickBooks. I'm always here to help.