Easy Tech TutsHow to Run an Income Statement in QuickBooks Online Easily 2026
By Impran M N
An income statement gives you a clear snapshot of revenue, expenses, and profit over a period, which makes it one of the most useful reports for understanding how your business is actually performing. This guide covers finding the report, customizing it, and reading the results in QuickBooks Online. It's aimed at small business owners and finance professionals reviewing performance regularly.
01Access QuickBooks Online reports
Navigate to the reports section where the Income Statement (Profit and Loss) is located.
02Customize your income statement
Adjust the date range and filters so the report reflects the period you want to analyze.
03Analyze your report
Review revenue, expenses, and profit figures to understand your business's financial performance.
04Apply best practices
Use the insights from the report to inform budgeting or strategic decisions going forward.
Frequently asked questions
What's another name for the income statement in QuickBooks?
It's often labeled the Profit and Loss report within QuickBooks Online.
Can I compare income statements across different periods?
Yes, adjusting the date range settings lets you compare performance across months, quarters, or years.
How often should I review my income statement?
Many businesses review it monthly or quarterly, though frequency depends on your specific needs.
Watch the full walkthrough
The same steps, demonstrated on screen from start to finish.
