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Replying to:
Ethel_A
QuickBooks Team

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I'll share information about the Profit & Loss report in QuickBooks Desktop, @fitbooks2019.

 

The Profit & Loss report summarizes your business's total income and expenses at a specific time, which means that all of your income and expense transactions (invoices, sales receipts, bills, checks, credit memo/refund) recorded in QuickBooks Desktop (QBDT) will be posted to this report.

 

Given the complexity of managing the Profit & Loss report in QuickBooks Desktop, it's essential to seek professional advice. I strongly recommend consulting your accountant. They can provide expert guidance on how to manage the report effectively and explore the available options for this feature.

 

I know that your client doesn't want the paid bills to show in a Profit and loss report. However, this option is not available in QuickBooks. Paid bills automatically reflect in the affected account. Otherwise, they will affect the total count for that period.

 

For more tips about running and customizing your QBDT reports, you can open these articles:

 

 

Comment below if you have any other questions about the Profit & Loss report. I'm more than happy to provide additional assistance. Have a good one!

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