To produce just about any of the reports available through the Reports menu, you first select the Report category. If you want to produce a standard financial statement, such as a profit and loss statement, you choose the Reports →Company & Financial command. QuickBooks displays the Company & Financial submenu, which lists the various types of financial statements available.
You pick the submenu command that describes the financial statement that you want. If you want a standard profit and loss financial statement, you choose the Reports→ Company & Financial → Profit & Loss Standard command. After you choose the command, QuickBooks displays the Report window for the report that you selected, as shown.
The Report window, showing a profit and loss statement.