Welcome to the Community space, @grausri.
Let me add info about the display date of your Profit & Loss (P&L) report.
I agree with what @BigRedConsulting shared. Adding to that, the accounting method of your company also impacts the display date of your P&L report.
If you're in the Cash accounting method, you record income and expenses at the time you receive a payment or pay a bill.
The cash method in reports:
- This report counts income or expenses only once you get a payment or pay a bill.
- If you sent an invoice or got a bill but the money hasn’t changed hands yet, your report doesn’t include it in your income or expenses.
If you're in the Accrual accounting method, you record income and expenses when you send the invoice or receive the bill.
The accrual method in reports:
- This report counts income and expenses regardless of whether the invoice or bill was paid or not.
- It includes income and expenses even if the money hasn’t changed hands yet.
You might want to modify your report. Feel free to read this article: Customize reports in QuickBooks Desktop.
For additional questions about P&L reports and payroll dates, click the Reply button. I'll be willing to lend a hand. Keep safe and have a good day.
