I evidently have no idea what I'm doing. Can someone explain to me in simple terms why my deposits made and checks paid to vendors would not show when I run a profit and loss statement? They are all categorized in the banking section. Salary and wages, taxes, utilities, advertising, repairs and maintenance all show up. I'm sure there has to be something that I'm missing. I use QB online. Any help you could send my way (again, in simples terms) would be so appreciated! Thank you
Thank you for posting here in the Community. I can provide some clarification about the report in QuickBooks.
When you run a Profit and Loss report, it shows your income and expenses. Your categorized transactions should reflect in the financial statement if you choose an expense account type for the category.
Check out these screenshots for your visual reference:
Please make sure the date of the expense and your report period match. To review the transaction details, please follow these steps:
Click the Gear icon in the upper-right corner.
Select Chart of accounts.
Open the expense account.
Hit Run report.
Filter the date range to All dates.
Check the date and details of the expense.
For your checks, ensure you have the correct account for each item. You can check this information by going to the item list page.