P&L reports are invalid

agent511

I just upgraded to Quicken Classic Business and Personal to be able to use the P&L report and not the income and expense comparison. But for some reason, even though I have EVERY account and category checked off, it is only pulling almost nothing. Like it isn't "listening" to my request. With the income and expense reports, it all works fine.

Boatnmaniac

What version of Quicken Classic are you running? (Help > About Quicken)

How long have you been having this issue? Did it exist before 11/16?

agent511

R52.33 I just upgraded today.

volvogirl

For an income or expense category to show up under Business you have to assign it a Schedule C tax line number. Go into Edit Category and assign it one. If you need to see a schedule C, here's the blank form….
http://www.irs.gov/pub/irs-pdf/f1040sc.pdf

You can either assign the tax line number to an existing category or you might want to set up a new category for it to keep the existing one under personal if you have the same expense for both personal and business.

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.

agent511

THANK YOU!!!!!!!!!!!!!!!!!!!!!!

agent511

uh-oh…in "category list", the troubled categories are showing up as "personal"….but I can't see where you can modify or change a category?

agent511

Oh..I googled and got it…'right click' on it!