Question

Which feature in quickbooks online reports allows you to customize section headings on the profit and loss and balance sheet reports?

Answer 1

To change the section titles of a report, select “edit titles” from the customize ribbon at the top of a Profit and Loss or Balance Sheet report.

What is Balance Sheet report?

Financial statements are formal records of a company's, person's, or other entity's financial activities and position. Relevant financial information is presented in a structured and easy-to-understand format.

Earnings are the profits made by a company over a specific time period, usually a quarter or fiscal year. On the income statement, the earnings figure is shown as net income. When investors talk about a company's earnings, they usually mean net income or profit for the quarter.

On the income statement, interest expense is a non-operating expense.

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