In fact, your tax accountant may bring it to your attention during tax time. You may not know that you have this problem. One of the most common problems that I see on the Profit & Loss report in QuickBooks Online are amounts in Uncategorized Income and Uncategorized Expense. FAQ: Why do we see uncategorized income and expenses in QuickBooks Online? If you’re like Jeff, and you have uncategorized income and uncategorized expenses on your books, then stick around as I show you how to fix uncategorized income and expenses in QuickBooks Online. Jeff knew that he had to take action, but he didn’t know where to begin. Jeff shuddered with disbelief – his tax accountant was not going to like this. He thought he was doing everything right, but now he wasn’t so sure. He couldn’t remember how these accounts even got there. But as Jeff looked through the Profit & Loss report, he saw two strange accounts: Uncategorized Income and Uncategorized Expense. He hadn’t looked through his QBO company in a while, but with tax time approaching, he wanted to make sure that nothing unusual stood out. One fateful day, Jeff opened his QuickBooks Online company file to view his Profit & Loss report.
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