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QBO: Report total revenue before expenses over the last four consecutive quarters

Tags: quickbooks, quickbooks-online

Wednesday, March 23, 2016 4:26:14 PM

At BigFont, we need to determine whether to register for a GST/HST account. That involves calculating total revenue before expenses over the last four consecutive quarters.

(1) Open Quickbooks Online.

(2) Choose Reports > Profit and Loss

(3) Set the Report period to Custom.

(4) Set one of the four following From and To date ranges.

From 01 Jan 01 Apr 01 Jul 01 Oct last year.
To 31 Dec 31 Mar 30 Jun 31 Sep this year.

(5) Set Display columns by to Quarters. E.g.

image

(6) Run the report.

INCOME Total is the total revenue before expenses for the last four quarters.

References

http://www.cra-arc.gc.ca/tx/bsnss/tpcs/gst-tps/rgstrng/menu-eng.html