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January 12, 2019
Question

P&L for attorney

  • January 12, 2019
  • 6 replies
  • 16 views

How do I run a P&L for an attorney that only includes the operating account and NOT the Iolta activity? In other words - how can I run a P&L on just one bank account when a client has more than one? 

 

6 replies

BettyJaneB
Level 9
January 12, 2019

Hi there, @PregentBooks

 

Welcome to the Community family. Allow me to share some insight on how you can pull up a report that shows just one account when a client has more than one. 

 

In QuickBooks Desktop, the transactions that will show up on your Profit & Loss report are your income and expenses only. On the other hand, the Balance Sheet report gives you a financial snapshot of your company as of a specific date. It calculates how much your business is worth by subtracting all the money your company owes from everything it owns. The bank account will be found in this report.

 

Let me guide you on how to customize the report for one account only: 

  1. Click on Reports at the top menu bar.
  2. Click on Company and Financial.
  3. Select on Balance Sheet Standard
  4. Click on Customized Report.
  5. Select on Filters.
  6. Click on the drop-down arrow under the Account section.
  7. Select on Multiple Accounts.
  8. Select the account that you wanted to be included in the report.
  9. Click on OK.

I've attached some screenshots to outline the steps:

 

Also, you can check out this article about customizing reports in QuickBooks Desktop for your future reference: Customize reports in QuickBooks Desktop.

 

That should do it, @PregentBooks. Please let me know if you have any other questions about this concern. I'll be here to help you out. Happy Weekend!

 

January 12, 2019

Thank you @BettyJaneB -- I tried to reply but I can't tell if it went through so I apologize if this is a duplicate message. 

The client is looking for a profit and loss report that shows expenses and income activity but ONLY for his main operating bank account (checking). He does not want the Iolta balances or activity (which are held in two separate bank accounts) to appear on the report. I thought there would be a filter for this, but I can't make it work... definitely appreciate any help you can offer!