Why is unrealised gain/loss not in the trial balance but it is in the P&L?

I'm here to share insights about unrealised gain or loss, @DanCreat.

In QuickBooks Online (QBO), the trial balance report shows account balances at a specific time, excluding unrealised gains or losses. Unrealised gains or losses are included in the P&L statement, reflecting changes in asset or liability values. It helps assess financial performance and understand market fluctuations' impact on profitability, with treatment varying based on accounting standards and business requirements.

There are specific reports that include unrealised gains or losses. You can consider pulling up these reports to display such information:

• Profit and Loss report
• Balance sheet
• Customer Balance Detail report
• Vendor Balance Detail Report
• Statement of Cash Flows

I've added some links you can check. These will show you the list of available reports and how to customize them:

• Reports included in your QuickBooks Online subscription
• Customise reports in QuickBooks Online

Our doors are always open to help you again if you have any other concerns or follow-up questions. Have a pleasant day ahead.