Income not showing on P&L Statement

Jbirkes
Member ✭
I set up a new business file and recorded all transactios to date. When I do a P&L statement the income does not show, only a zero for income. Any suggestions what to check?
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Best Answer
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I went back, redefined the tax status as Schedule C, and that solved the problem. thanks for all the feedback.0
Answers
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Have you assigned BUSINESS tax lines to all of your business oriented categories and sub-cats?Q doesn't understand the account or category names that you use, and SOLELY uses the tax line assignments to determine what is a "business" income or expense.Also, did you include all of your accounts? As "business" transactions can, in Q, appear in any account.Q user since DOS version 5
Now running Quicken Windows Subscription, Home & Business
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
To check the tax line assignment open the Category list by either clicking on the Category Icon or go to Tools-Category List or Ctrl+Shift+C. Then select the category and right click on it to Edit it. Click on the Tax Reporting Tab and check the box for Tax related and pick a Schedule C: tax line item.
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My income categories all have tax lines identified as "other income" but still they don't register.0
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They have to have tax lines as schedule C to show up as Business
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Thanks for your responses. My income categories do have Schedule C tax lines. Interesting, they show up on the cash flow reports, but not on the P&L.0
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I went back, redefined the tax status as Schedule C, and that solved the problem. thanks for all the feedback.0
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