Why do my "Other Expenses" show up as negative "NET OTHER INCOME"?

The negative balance in the Net Other Income section of your Profit and Loss report is a result of how the items are categorized and displayed, bvnd1984. Let me explain how QuickBooks organizes this data in your financial reports.

When recording transactions, make sure they are categorized properly. Regular operating expenses should be categorized under Expenses, while non-operating expenses (like interest expense, depreciation, etc.) should go under Other Expenses.

You'll want to open each transaction and check if it was posted to the correct category. This way, you can ensure that your books and reports are accurate and up-to-date. Here's how:

1. Select Reports from the sidebar menu.
2. Open your Profit and Loss report.
3. Set the appropriate reporting date, then select Run report.
4. Click the amount of your Net Other Income.
5. This will open the Profit and Loss Detail report.
6. Double-click each transaction to open it, then make sure that it's posted to the correct account. 
7. Make the necessary changes if applicable.

To guide you in customizing your reports in QuickBooks, see this article: Customize reports in QuickBooks Online.

Additionally, I'll be sharing these links that will guide you in saving your customization settings and reconciling them to review your accounts in QuickBooks:

• Memorize reports in QuickBooks Online
• Reconcile an account in QuickBooks Online

Feel free to reach out if you have any additional questions regarding the Profit and Loss Report or any other matters in QBO. We're always available to assist you. Stay safe.

@bvnd1984 

Your other expenses are totaling to negative net other income because you don't have 'Other income' to offset them.  If those other expenses are not truly considered other expenses (other expenses are expenses that are unrelated to the primary operations of your business), then they should be reclassified to operating expenses.  To do that, assign those costs to an expense account, not an other expense account.