cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Active Member

Why does profit and loss statement not contain all employee expenses but a mere fraction?

 
1 Comment
QuickBooks Team

Re: Why does profit and loss statement not contain all employee expenses but a mere fraction?

Hello there, @cherrytreecalifo.

 

Welcome and thank you for posting here in the Community. I'm here to help share some information about running Profit and Loss (P&L) report in QuickBooks Online (QBO).

 

The Profit and Loss report/statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specific period. It's possible that some of your employee's expenses don't link to any expense account reason why it didn't show up in the P&L report.

 

You may need to check each transaction if the account link to it is an expense account.

 

For additional reference about the Profit and Loss report, you may check this article: How to customize your Profit and Loss report.

 

Don't hesitate to add a comment below if you have any other concerns about running the P&L report in QBO. I'm always here to help!