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Replying to:
RogelioL
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I can see that you need a specific configuration to reflect your expenses without income accurately. Let's work through the details together to find the right setup for your needs.

 

To better assist you, could you please confirm a few details? Are you noticing this issue across all reports, or is it specifically related to a custom Expenses Only report you're trying to configure? Also, does the total remain unchanged after applying various filters, such as specific transaction types or excluding income categories?

 

In the meantime, ensure that all filters, especially those regarding transaction types, are correctly set. In QuickBooks Online, different transactions might impact the report totals differently.

 

To match the expenses section of a standard P&L report, you should include transaction types such as Bills, Expenses, Checks, and Journal Entries. Ensure that these are selected in your report settings.

 

Double-check that you are using the correct accounting method, Accrual or Cash, as this significantly affects how totals are calculated and displayed. Verify that the reporting period is also set correctly.

 

Additional tips:

 

  • If you're creating a custom Expense Only report, start with a standard template like Transaction Detail by Account and customize it to exclude any income or non-expense accounts.
  • Group transactions by month and ensure journal entries are included if they correspond to expense accounts.

 

You can also check out this report, which addresses similar issues: Profit and Loss report does not match a sales report.

 

Lastly, consider memorizing your report to save its current customization settings for easy access in the future.

 

I’m committed to finding a solution that works for you and ensures your reports are accurate and reflective of your financial activities. Please let me know the details I’ve requested at your convenience or if there’s anything else you’d like to discuss. I'm here to assist you every step of the way and ensure your reporting needs are met efficiently.

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