Profit & Loss Report Not Showing Invoice and Not Payments

Gotcha. That might work for me still.

Okay, then, so is there a different report I should be using to view my "Profit" based on payments as opposed to Invoiced amount?

Thanks,
Merg

Not that I want something different... Just asking if there is a better report than the Profit & Loss on Cash Basis that I should be using.

Basically, I just want to present to others what we have received in income during the past fiscal year. The fact that the Cash Basis report is based on when the payment was received should be fine as I am trying to show the amount we actually received and if it was invoiced before the fiscal year, it should not matter.

Thanks,
Merg

Hello, @TheMerg.

Please allow me to join the thread and help share additional information about running the Profit and Loss Detail report in QuickBooks Desktop (QBDT).

The Profit and Loss report summarizes your income and expenses for the year to know whether you're operating at a profit or loss. As mentioned by our Established Community Backer (BRC), payments won't show up on the report because they don't use income accounts.

However, you can create/run a report which shows payments in QBDT. As of now, you can start opening the Transaction List by Customer report and make the necessary customization. Let me help guide you how.

1. Click on Reports at the top menu bar.
2. Select Customers & Receivables.
3. Click on Transaction List by Customer.
4. Customize the dates of the report.
5. Click on Customize report to customize the transaction type to Payment.
6. Go to the Filter column.
7. Look for Transaction Type.
8. Select Payment.
9. Click OK.

To learn more about running and customizing reports in QBDT, you may check this article: Understand reports.

Please know that I'll be right here to help you if you have any other questions about running reports, just add a comment below. Wishing you the best!