I appreciate you for joining the thread and sharing your concerns. I understand how confusing it can be to have your income show as a negative number and all expenses as positive when you run a P&L report in QuickBooks Online. Let me share my thoughts on this and help you clear things up.
Expenses are reported as positive numbers in double-entry accounting. The Net Income section assumes that Total Income (credit) minus Total Expenses (debit) yields total profit.
If you see a negative under exchange gain or loss, it means a negative expense in that account is income, and a negative exchange gain or loss indicates that you made money on the exchange rate.
If you are referring to another specific issue, I'd appreciate it if you could provide us with more details. You can also attach a screenshot to help us better understand the problem and find the best possible solution. Our goal is to align with you and supply the most accurate explanation and resolution.
I'm leaving you these articles you can use to learn more specific ways to customize your reports:
I'd be happy to hear any updates from you soon, as I want to ensure this is resolved for you. Don't hesitate to reach us again. Have a great day ahead!
