How to create a profit and loss report for selective accounts from our chart of accounts. Can this be done in new QuickBooks Online?
Let’s say in this example, you want to run profit and loss report for only two specific accounts from the chart of accounts: Sales of Product Income and Costs of Goods Yes, you can pull P&L report for those two accounts only in QuickBooks Online. Here’s how to start from the home page screen: Click […]
I need to track revenues and expenses across multiple lines of business. Does QuickBooks Online Plus support profit and cost centers?
You can establish Profit and Cost Centers by enabling Class tracking feature in new QuickBooks Online Plus. To enable Class tracking feature: From the Home page screen Select the Company Gear (top upper corner) Select Company Settings under Settings header Select Company Select/Double Click to enable “Track Classes On” under Categories