Where is P&L Report

Posted by BobLeavitt on May 13, 2009, 2:35 pm

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In Qkn Premier 2009 I cannot access or find any P&L reports

I was able to create them in Qkn Premier 2006 (at least, that is what =
version I think I was using) and, in fact, saved P&L reports. When I =
try to open those reports now (in Qkn Premier 2009), I am told "no =
matching transactions found".

I sold a couple of properties and want to create a P&L that includes the =
impact of these transactions.

Any help/suggestions or am I out of luck with my version of Quicken. =
Thanks

Posted by John Pollard on May 13, 2009, 3:14 pm

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BobLeavitt wrote:

> In Qkn Premier 2009 I cannot access or find any P&L reports

> I was able to create them in Qkn Premier 2006 (at least, that is what

> version I think I was using) and, in fact, saved P&L reports. When I

> try to open those reports now (in Qkn Premier 2009), I am told "no

> matching transactions found".

> I sold a couple of properties and want to create a P&L that includes

> the impact of these transactions.

> Any help/suggestions or am I out of luck with my version of Quicken.

There are definitely changes in later versions of Quicken relating to P&L
reports, but I'm not sure just how they would affect you.

The P&L report has become essentially a "business" report; I'm surprised
you would have one available at all in the Premier version of Quicken. [I
have Q2008 Premier, and there is no P&L report available.] Perhaps some
earlier versions of Quicken allowed P&L reports to non Home&Business users
and your old reports got carried over ... sort of.

The most important change to P&L reports in newer Quicken versions is that
the only categories that qualify for a P&L report are categories that have
a Schedule C tax line item assigned to them, or transactions whose
categories are "tagged" with a "Business tag" (which I believe can only be
created in Home&Business or Rental Property Manager versions of Quicken).
[Tags used to be Classes in earlier Quicken versions.]

If you had not said you were looking to account for the sale of
"properties" I would have said:

If you have not already done so, you can try assigning a Schedule C tax
line item to one of the categories that normally appears in your P&L. If
you then see that category in the P&L, you can continue to assign Schedule
C categories to the rest of your business categories.

But it sounds like you might need Schedule F tax line items ... which
don't qualify for the P&L report.

If you can't get your existing categories to qualify for the P&L report,
you either need to move up to the H&B (or RPM) version of Quicken, or use
the Income/Expense report ... which can almost exactly duplicate the P&L
report.

[I also have Q2009 RPM.]

--

John Pollard