Cash advance income and expense

Hi there, @gloriadeb204.

I'd like to share some insights regarding the accounts that will show up on your Profit and Loss report in QuickBooks Desktop.

The Profit and Loss report shows the company's revenues and expenses during a particular period. It indicates how the revenues are transformed into the net income or net profit. This is the reason you're seeing the Cash Advance Income (revenue) and a Cash Advance Expense (expenses) accounts. They are not the same as they are used for different transactions.

However, if you're looking for the wash account that you've created, this can be found in the Balance Sheet report. It's a financial statement that reports a company's assets, liabilities, and shareholders' equity. This provides details of the transactions for each of your accounts.

To give you more details about the different reports that you can pull up in QBDT together with its corresponding accounts and transactions, please see these links:

• Learn how to set up and use different reports in QuickBooks Desktop to get a better understanding of...
• Financial reports in QuickBooks Desktop

I got your back if you have any other questions about this or concerns with QBDT. I'd be happy to help. Take care!