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bhoyer
Level 1

Expense Accounts and Profit/Loss Sheet

Hi! I recently set up some income accounts for my NFP for invoices/pledges and some expense accounts for Purchase Orders. The issue stems from purchase orders and expense accounts not showing up on the profit & loss report or really at all. The items within the purchase order are listed as inventory items, and we process them standardly. I tested the process but this time with the items listed as service items and it showed up. Why is it that I can't get inventory parts to be reflected on our P&L report?

1 Comment 1
Maybelle_S
QuickBooks Team

Expense Accounts and Profit/Loss Sheet

Hello there, @bhoyer.

 

We'll have to make sure that posting accounts of the items are correct. This way, the inventory items will show on the Profit and Loss report.

 

Also, categorize the item under an Expense account. Doing this will help show up the transaction on the Profit and Loss Statement.

 

Here's how to check the category of the item:

  1. Go to the Lists menu, then choose Item List.
  2. Locate the item and double-click it to open.
  3. Verify the account you use to track the amount spent on purchasing the item.
  4. Click OK after you make any changes.

On the other hand, to learn more about running and customizing reports in QBDT, you may check these articles: 

If you need some references for reports and accounting, please check it here.

 

Stay in touch with us if you have other questions. I'm more than happy to help. Take care!

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