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QuickBooks offers a variety of methods to track your spending with reports. One of the most common reports to track your spending is the profit and loss, which you can access by clicking Reports, and then from the Favorites menu, Profit and Loss. The Profit and Loss report displays all of your income, cost of goods sold and expenses. QuickBooks gets these numbers from all the transactions that you enter. So whenever you download transactions from the bank or the credit card company and categorize it with a cost of goods sold or expense account, it appears here on this report. All of these numbers are made up of the totals of the transactions that you enter. You can see the actual transactions that make up these totals by clicking any one of the numbers. And here youamp;#39;re able to drill down and see the actual transactions that make up that total on the profit and loss. Another commonly used report to track your spending is the Expenses by Vendor Summary Report. This report examine
