Let's check the account on your Chart of Accounts, lecitron.
The Other Income (Loss) account might be just a name created when you added a new account. As long as the account type and detail type is correct, you don't have to worry. You can edit the account name. Here's how:
- Click Accounting on the left pane.
- Locate the account.
- Click on the ACTION dropdown, then select Edit.
- Then, change the name of the account.
There's no income account which has transactions for loss amounts. You can check the Audit Log feature to see when it is updated.
You can customize reports in QuickBooks Online to see your Profit and Loss report.
I'll be right here if you have additional questions.
