Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Hello, Kristina. I appreciate you getting in touch—it's always great to hear from you. The Profit and Loss Detail report will be renamed to Statement of Activity Detail if your company is a nonprofit organisation. I'll explain more below, including how to customise it so it fits your preference.
When you set your account to nonprofit, QuickBooks ensures that it uses the terms and reports specific to this type of organisation. This explains the changes observed in your Profit and Loss Detail, which is renamed to Statement of Activity Detail.
If you want to update it, you can edit it directly in the reports page. Here's how:
To learn about the different options available to tailor your reports based on your specific needs, refer to this article: Customise your reports with a modern view .
With the information above, you should be able to understand the changes to the report's name based on your company type. For other questions or clarifications, please message us in this thread. We're always here for you.
Hi Kimberley,
Many thanks for your response, good to know that. However the report format and content appears to have changed also. Previously the profit and loss report only showed debit and credit transactions going in and out of the bank account, whereas now, the report includes invoice amounts that have not yet been received.
I am looking for a report that only shows what is actually received and paid out from the bank - could you advise?
Thanks
Kris
I appreciate your returning to this thread, Kristina. You can run a Profit and Loss report and change the accounting method from Accrual to Cash.
Unpaid invoices are showing in the profit and loss report because the accounting method is set to Accrual, where income is recorded as soon as an invoice is issued, even if payment hasn’t been received. If the accounting method were set to Cash, income would only appear after the invoice is paid.
Here's how:
If you have additional questions, please leave a reply below. The Community is always here for you.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
For more information visit our Security Center or to report suspicious websites you can contact us here