How do you generate a Profit and Loss report in QuickBooks Online?

Generating a Profit and Loss report in QuickBooks Online involves accessing the "Reports" menu, selecting the "Profit and Loss" option, and then specifying the date range for which you want to review your financial performance. This process allows users to view income, expenses, and net profit or loss over a selected period, providing a clear picture of the company's financial health.

Choosing the appropriate date range is essential for analyzing specific timeframes, such as monthly, quarterly, or annually, which informs better business decisions and strategic planning. By going through the "Reports" section, users can find various useful reports tailored for financial analysis, and the Profit and Loss report is one of the critical tools for business owners and accountants alike.