Hello there, @bhoyer.
We'll have to make sure that posting accounts of the items are correct. This way, the inventory items will show on the Profit and Loss report.
Also, categorize the item under an Expense account. Doing this will help show up the transaction on the Profit and Loss Statement.
Here's how to check the category of the item:
- Go to the Lists menu, then choose Item List.
- Locate the item and double-click it to open.
- Verify the account you use to track the amount spent on purchasing the item.
- Click OK after you make any changes.
On the other hand, to learn more about running and customizing reports in QBDT, you may check these articles:
If you need some references for reports and accounting, please check it here.
Stay in touch with us if you have other questions. I'm more than happy to help. Take care!