Does account payable balance reflects as other expenses in income statement when using the accrual concept of accounting?If you could help explaining to me on that?

Greetings from the Community. I'm here to provide details regarding the accounts displayed in the income statement in QuickBooks Online (QBO).

The accounts reflected in your Profit and Loss report or income statement rely on the account used to create the transaction. Please see the attached screenshot below.

In QBO, the Other Expense account is a helpful category for expenses you do not want to include in the net income computation. It includes depreciation and amortization, and gains and losses.

Furthermore, the Accrual accounting system in QBO indicates that income and expenses are recorded when the bill is sent or received. It's different from the Cash basis, which records them when you receive a payment or pay a bill.

You may see this article for a detailed comparison: Cash vs. Accrual Accounting: What’s Best for Your Small Business?

Moreover, you'll want to export your reports from QBO and analyze them in Excel. This way, you can freely input information to generate insights about your business.

Fill me in with additional questions you have concerning the income statement report in QBO. I'm available 24/7 to answer your queries. Keep safe, and have a nice day ahead!