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blueroseireland-
Level 1

How to take profit & loss on tag wise

how to take profit & loss on tag wise
1 Comment 1
MAnneJ
QuickBooks Team

How to take profit & loss on tag wise

I can assist you with managing your Profit and Loss (P/L) in QuickBooks Online (QBO), Bluerose. 

 

Are you referring to a third-party application called Wisetag? If so, you can contact their support to see if they can integrate with QBO.

 

However, if you want to display tags on your P/L report, we can create tags or tag groups and assign them to transactions.

 

Here's how:

 

  1. Go to Settings, then choose All Lists and then Tags.
  2. Select the New ▼ dropdown and then the Tag group.
  3. Enter the group name in the Name field.
  4. Select a color from the ▼ dropdown.
  5. When you're done, select Save.

 

I've added screenshots for your visual reference. 

 

All list.png

 

Tags.png

 

After this, you can create a transaction with the appropriate tag. Once you receive payment for that transaction, you can run and customise your P/L report.

 

Additionally, you can set up an email schedule and export your reports to share with your team. To do so, follow these steps:

 

  1. On an open report, select the Email icon.
    This shows the icons available at the top of a report. Select the email icon to send the report as a pdf in an email.
  2. Fill out the form.
  3. Edit the body message so recipients know what to expect.
  4. When you're ready, select Send. The reports can be shared in Excel format. 

 

I'm happy to help if you have additional questions about specific tags in QBO. Have a good one.