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analizabongat
Level 2

I need to confirm each of row labels in given lists if they are permanent and cannot be removed in the Statement of Cash Flows, Profit and Loss and Balance Sheet Reports

I need to confirm each of row labels in given lists if they are permanent and cannot be removed in the Statement of Cash Flows, Profit and Loss and Balance Sheet Reports

BALANCE SHEET
1. Checking
2. Savings
3. Total Bank Accounts
4. Accounts Receivable (A/R)
5. Total Accounts Receivable
6. Inventory Asset
7. Undeposited Funds
8. Total Other Current Assets
9. Total Current Assets
10. Total Fixed Assets
11. Accounts Payable (A/P)
12. Total Accounts Payable
13. Total Credit Cards
14. Total Other Current Liabilities
15. Total Current Liabilities
16. Notes Payable
17. Total Long-Term Liabilities
18. Total Liabilities
19. Opening Balance Equity
20. Retained Earnings
21. Net Income
22. Total Equity
23. Total Liabilities and Equity

PROFIT AND LOSS
1. Design income
2. Discounts given
3. Total Income
4. Total Cost of Goods Sold
5. Gross Profit
6. Total Job Materials
7. Total Job Expenses
8. Total Legal & Professional Fees
10. Total Expenses
11. Net Operating Income
12. Total Other Expenses
13. Net Other Income
14. Net Income


STATEMENT OF CASH FLOWS
1. Net Income
2. Total Adjustments to reconcile Net Income to Net Cash provided by operations
3. Net cash provided by operating activities
4. Net cash provided by investing activities
5. Notes Payable
6. Opening Balance Equity
7. Net cash provided by financing activities
8. Net cash increase for period

Solved
Best answer June 25, 2021

Best Answers
Mark_R
QuickBooks Team

I need to confirm each of row labels in given lists if they are permanent and cannot be removed in the Statement of Cash Flows, Profit and Loss and Balance Sheet Reports

Your confusion ends here, @analizabongat.

 

Allow me to fill you in on everything you need to know about the row labels showing on the reports.

 

The row labels showing in the Statement of Cash Flows, Profit and Loss, and Balance Sheet reports are default. Once you made transactions that affect the income or expense accounts, QuickBooks will add a row label on the report. This way, you can view the total amount of each account affected. However, you can customize the reports to show only the accounts you want to see. Here's how:

 

  1. Sign in to your QuickBooks Online account.
  2. Click Reports from the left menu.
  3. Search for the report you want to run.
  4. Select Customize at the top right corner of the report.
  5. Then, go to the Rows/Columns drop-down to select the accounts you only want to show.
  6. Click Run report.

 

I'm adding this article for more details: Customize reports in QuickBooks Online.

 

Just in case you want to export the report into an Excel file, you can read this article for more guidance: Export your reports to Excel from QuickBooks Online.

 

Please let me know if you need clarification about the row labels showing on the reports. I'll be standing by for your response.

View solution in original post

1 Comment 1
Mark_R
QuickBooks Team

I need to confirm each of row labels in given lists if they are permanent and cannot be removed in the Statement of Cash Flows, Profit and Loss and Balance Sheet Reports

Your confusion ends here, @analizabongat.

 

Allow me to fill you in on everything you need to know about the row labels showing on the reports.

 

The row labels showing in the Statement of Cash Flows, Profit and Loss, and Balance Sheet reports are default. Once you made transactions that affect the income or expense accounts, QuickBooks will add a row label on the report. This way, you can view the total amount of each account affected. However, you can customize the reports to show only the accounts you want to see. Here's how:

 

  1. Sign in to your QuickBooks Online account.
  2. Click Reports from the left menu.
  3. Search for the report you want to run.
  4. Select Customize at the top right corner of the report.
  5. Then, go to the Rows/Columns drop-down to select the accounts you only want to show.
  6. Click Run report.

 

I'm adding this article for more details: Customize reports in QuickBooks Online.

 

Just in case you want to export the report into an Excel file, you can read this article for more guidance: Export your reports to Excel from QuickBooks Online.

 

Please let me know if you need clarification about the row labels showing on the reports. I'll be standing by for your response.

View solution in original post

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