I ran my profit and loss statement and I show a negative 62,000 in office expenses. I use a invoicing service that deposits card payments and also charges me 220 a month.

Hi there, ballane89.

I can share some information about how QuickBooks populates the data in your financial reports.

Usually, the amount of the deposit will show as negative in the Profit and Loss report if it was posted to an expense account. On the other hand, a deposit will become positive if it's categorized as an income.

To isolate the issue, you'll want to open each transaction and check if it was posted to the correct category. This way, you can ensure that your books and reports are accurate and up-to-date. Here's how:
 

1. Select Reports from the sidebar menu.
2. Open your Profit and Loss report.
3. Set the appropriate reporting date, then select Run report.
4. Click the amount of your office expenses account.
5. Double-click each transaction to open it, then make sure that it's posted to the correct account. 
6. Make the necessary changes if applicable.

Additionally, I've included some articles that will help you track and monitor how your business is doing in various areas:

• Customize reports
• Common custom reports

Do let me know if you have any other questions by dropping a comment below. I'll be around to provide answers and clarifications.