Reports: Profit & Loss Statement

Jim30518
Jim30518 Quicken Windows Subscription Member

I am new user of Quicken, own rental property, windows version.

When printing p& L statement - rental income does not show, only expense items. I have rental tax at schedule E -rent income. How do I get rent income included in P&L.

Answers

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

    How are you recording it? And, have you looked into the GEAR icon at the top of the report to make sure that the category is selected?

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • Jim30518
    Jim30518 Quicken Windows Subscription Member

    Using Quicken Classic on windows desktop:

    I am not using any banking auto updates, strictly a manual operation.

    Entering all transactions by using check register, rent income by month and all expenses. By taking your advice I clicked on advanced and now Income and expenses Headings are on the same report.

    The rent by month is still not showing in the Income columns, I entered a personal loan to the company this month and it is showing in the June column but no rental income. I have the Rent by Month tax line as Schedule E Rent Income.

  • Jim30518
    Jim30518 Quicken Windows Subscription Member

    I solved the problem by changing tax line from schedule E to schedule C - Gross receipts.

    Thanks for your help

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