Hi, why is it saying minus on a few of my other expenses in my profits and loss report? What have I done wrong?

Hello, @ontheroadmechani. This indicates that certain expenses have been recorded as income or that some adjustments or refunds affect those expenses. I'll guide you on how to check and resolve this.

In your Profit and Loss report, you can click on the amount beside the expense categories with the minus sign to investigate specific transactions. From there, review the records to identify returns, refunds, adjustments, and check for possible errors and misclassifications. Your accounting method and reporting period also matter.

Here's how:

1. From your Profit and Loss report, ensure the Report period and Accounting method are correct.
2. Click on Other Expenses.
3. Select the categories to view the transaction breakdown.
4. Click the amount.
   
   

    

If you notice a transaction is incorrectly categorized, you can click on it to see more details, make corrections, or reclassify it as necessary.

When discrepancies are showing or need further assistance, I suggest consulting with an accountant to ensure your financial records are accurate and up-to-date.

I'm adding this article for more insights to review your Profit and Loss data further: Find the missing income and expenses transactions in your Profit and Loss report.

Furthermore, to understand the importance and purpose of account types and detail types for accurate reporting, I suggest checking this resource: Learn about account types and detail types in QuickBooks Online.

Let us know if you need more help updating your Profit and Loss data or detailed steps to reclassify a particular transaction, ontheroadmechani. We'll be here to support you 24/7.