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ARON-MWAKITALIMA
Level 1

Could you help me fix my Income Statement? I’ve set everything up, but the Cost of Sales isn't showing up to give me the right Gross Profit figure. CO ID [PII Removed]

 
1 Comment 1
MoiraskyeT
QuickBooks Team

Could you help me fix my Income Statement? I’ve set everything up, but the Cost of Sales isn't showing up to give me the right Gross Profit figure. CO ID [PII Removed]

You can review your transactions if the selected item is correct.

 

Go to the All apps, and hover your mouse over Sales & Get Paid. Click on Product & Services. Look for the Expense account field. It must be set to a Cost of Goods Sales type account.

 

Correct if necessary, then refresh the report and ensure the report filters are correct.

 

Please feel free to reply to this post if you have additional concerns.