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Hi NTO,
Thank you for joining the thread. I tried to replicate the scenario provided by other users in this thread as well but mine is still showing the cost on the profitability report.
It would be best if you can contact our QBO Support team so they can also check your account and isolate this case. They'll further investigate and apply solutions to your affected projects.
If you have other questions in mind, feel free to go back to this thread.