So I'm coming up to speed on quickbooks reports. I was shocked to find out (I'm not an accountant) that loan principal is not part of a P&L statement. I looked around the web and found out why. I understand why now and that is not in question.
But what is in question is what kind of report can I run to see this information so I can plan rent increases etc..? The type of report I need or need to create is just like a P&L, everything the P&L has but with an extra line item for loan principal.
How are you pros doing this? Thanks in advance.
Run a balance sheet in addition to the P&L, that will give you assets and liabilitites (balance sheet) and income & expenses (P&L).
- Profit and Loss by Class
- Balance Sheet by Class
I think class will only separate my report by property. Did you mean something else?
The report you're looking for is "Statement of Cashflows". It's not typically listed as a "frequent report"...but should be found under "all reports".