So newbie QB person- I set up an account for credit card settlements but I don't think I categorized correctly - not reflecting on my P&L-

Forum|Forum|11 months ago
July 11, 2025
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QuickBooks Online

LouiseG12

QuickBooks Team

In the Profit and Loss (P&L) report, only income and expense categories that you assign to transactions will reflect on the report.

To categorize your transactions, see the steps below:

Navigate to Accounting, then Bank Transactions.
Select the account and click Go to bank register.
Locate the transaction and click it to expand the view.
In the Account drop-down, choose a category under Expense or Income.
Hit Save.

If you're unsure about which specific accounts to use for your transactions, I recommend reaching out to your accountant for guidance to ensure your transactions are properly categorized and financial reports are accurate.

For more details, check out this article: Categorize online bank transactions in QuickBooks Online.

Alternatively, you can also check the report period and any applied filters are correct to ensure that the transactions you want to see in the report are displayed.

Here’s how:

Go to the Reports menu.
Type Profit and Loss in the search field and open it.
In the Report period drop-down, select the correct period.
Go to Filter and choose Account type in the first drop-down.
Select equals in the second drop-down, and then pick Income or Expense.
Click your mouse everywhere to refresh the report.

If you have follow-up questions, don't hesitate to revisit this page.

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