How do I get payroll entries into profit and loss

Forum|Forum|7 years ago
April 3, 2019
1 reply
1 view

No text available

QuickBooks Online

AlcaeusF

Level 14

Hello PatCollins,

Welcome to the Community. I'm here to help provide information about the Profit and Loss report.

The Profit and Loss report shows your total Income and Expenses on a specific period depending on your filter. When you create a payroll for your employees, Payroll Expenses will automatically populate on the statement.

All entries that will affect the expense will automatically show on the report. I'm adding a screenshot for your visual reference on this:

For additional insight into financial reports, such as the Profit and Loss statement, I'm adding an article that I recommend:

Why are my income and expense transactions missing from my Profit and Loss report?.

Please reach out to me here should you need any additional information about the report. I'm always available to talk QuickBooks.

PatCollinsAuthor

Thank you for the reply. So on the balance sheet will I see liabilities for PAYE and Pension awaiting payment to be "paid" via the bank entry system?

MirriamM

QuickBooks Team

Hi, PatCollins,

Thanks for getting back to us. Let me share some insights about the Balance Sheet report.

A Balance Sheet report shows you a financial snapshot of your company like what you own (assets), what you owe (liabilities), and what you invested (equity) on a specific period you've set up.

Therefore, upon pulling up this report, you’ll able to see all the liabilities that are still waiting for payment.

Moreover, to see a higher-level summary, you can pull up the Balance Sheet Summary report instead.

To know more about Balance Sheet report, I'm including some helpful articles that you can check:

If you have further questions in pulling up reports, please let me know. I'm always here to help. Have a great day!

Sign up

Login with SSO

Let's get you signed in

Login with SSO