QuickBooks: How To Create a Profit & Loss report to Compare Year-to-Year

1. This screen shot shows where to find the P&L report. Under the Reports dropdown menu, select Companies & Financial. Profit & Loss Standard is the first choice.

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2. Generate the report and then click the Customize Report button at the upper left of the report, as shown here.

CustomizeQuickBooksPLReport_2.jpg

3. In the Display tab of the Modify Report box, pull down the Dates menu and select This Fiscal Year-to-date. Below that, in the section headed “Add subcolumns for,” check the boxes for Previous Year and % Change, as shown in the image above.

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Need help with QuickBooks and understanding your reports? Contact me for assistance with a year-end review of your business’s financial performance and how you can make improvements for the new year.