@bop88 

As a business owner myself, I understand exactly what you're saying.  This scenario is exactly why I went back to school for accounting.  I didn't understand how a business could make a healthy profit but have no cash to distribute to pay my personal income tax.   

"I want to be able to look at my profit and loss and see all of my "expenses" including loan payments because to me, it is an expense (money I didn't earn or get to keep, it's money I had to spend)"

That's the exact purpose of the Statement of Cash Flows report.  It tells you what profit the business made and then shows you what items affected your cash balance (loan principal payments) that are not accounted for on the P&L.