Thank you for reaching out to us, eprman.

I'll be glad to help you with your P&L report concern.

Yes, it is. The profit and loss statement is a financial statement that is a rundown of the revenues, costs, and expenses earned during a specified period.

You can also check on this article: Enter payroll paychecks manually in QuickBooks for more information about the P&L report.

We're always here in the Community to help if you have other questions related to the P&L report in QuickBooks. Stay safe!