Profit & Loss reports

Greetings, @KCKRLLC. 

Welcome to the Community! Let me point you in the right direction to get an answer to your question. 

Based on the information you need, I recommend consulting with your accountant about your question. They'll be able to answer it with additional advice for your business. 

Feel free to come back and let us know how the conversation goes with your accountant. Happy Thursday! 

@KCKRLLC 

Billable expenses that have not been billed to your customer have no impact on your P&L.  Those costs hit your P&L when you enter or pay the bill (accrual vs. cash).  Marking them as billable is a non-posting transaction that just enables QB to notify you to bill your customer for those costs.