Question

When reviewing a Profit and Loss report in QuickBooks Online, which report option will quickly show a client income and expenses incurred over the past two years? > Collapse / expand Compare another period > Year-to-date (YTD) Compare another period > Previous year (PY) Group by O Sort ​

Answer 1

Answer: Compare another period > Previous year (PY)

Explanation:

QuickBooks Online is an accounting service provided to small and medium businesses to help them with their accounting needs even with the most rudimentary of knowledge.

Should you want to view a client's income and expenses over the past two years, use the compare another period and then the Previous year option. The income and expenses will be shown for the current year and the last one making it 2 years.