Why are my profit and loss report different income than sales by product ?

Hi there,

QuickBooks offers many reports which help you see how your business is doing. I'll be glad to give you a hand with this.

There are several reason which may cause the different totals between your Profit and Loss and the Sales by Product report. Here's a list of the reasons:

• The date ranges of the reports don't match.
• The accounting bases of the reports don't match (There's Accrual and Cash in QuickBooks Online).
• Sales items point to incorrect sales accounts.
• The P&L report includes transactions that do not use items (e.g., the Expense Tab on a bill or a journal entry).

To troubleshoot this, it's essential to make sure you're using the same accounting method. The accounting method on a report can be viewed on the report itself. Once you've opened the report, look for the header Accounting method. If there's still a discrepancy, I recommend checking your product/service to see if they're attached to the right accounts. 

Give this a try and if you need further assistance, don't hesitate to reach out to our support team using this link.