Landlord Expenses

Hi there, thank you for reaching out about your Profit and Loss (P&L) reporting in QuickBooks as a non-Value-added Tax (VAT) registered landlord. Let's work together to find a solution that meets your current needs.

Before anything else, when you mentioned that the standard P&L report doesn't include the VAT you've paid on expenses. Are you using the QuickBooks VAT rates when recording expenses despite being a non-VAT registered landlord? If so, please know that the standard Profit & Loss (P&L) report in QuickBooks only shows the Account type and Total amount columns, excluding the VAT paid on expenses.

To see the VAT you pay on expenses, click on the total expense amount to access the Transaction Report. Once done, customise the report to add the VAT amount column. Refer to the visual reference below.

Moreover, it's noteworthy that how you record your expenses and include the VAT in the program can significantly affect how they appear on the reports. If you're referring to something else, please let me know.

Your attention to detail in managing your property finances is commendable, and we appreciate you bringing this to our attention. If you need further assistance managing reports in QuickBooks, please tap the Reply button to leave a comment.