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Understand Reports In QuickBooks Desktop

Understanding Reports in QuickBooks

One of several advantageous assets to using QuickBooks software would be the reports added to the software. It will require the entered transactions and organizes it into meaningful business data. How can these reports assist you to and your business? Understand these reports and understand where your company stands financially.

I will explain what these reports display and just how you should use each report for your needs.

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– Company & Financial

  • Profit & Loss reports
  • Income & Expense reports
  • Balance Sheet reports
  • Cash Flow reports

– Customers & Receivables

  • A/R Aging reports
  • Customer Balance reports
  • Accounts Receivable reports
  • Billable Costs reports
  • Customer Contact reports
  • Item reports

– Sales

  • Sales reports
  • Open Sales Orders reports

– Jobs, Time & Mileage

  • Job reports
  • Mileage reports

– Vendors & Payables

  • A/P Aging reports
  • Vendor Balance reports
  • Accounts Payable reports
  • 1099 reports
  • Sales Tax reports
  • Vendor Contact reports

– Purchases

  • Purchases reports
  • Open Purchase Orders reports

You may also read: https://accountingspro.usite.pro/blog/understand_reports_in_quickbooks_desktop/2020-12-10-176

- Inventory reports
– Employee & Payroll

  • Payroll reports included with Accountant version
  • Payroll reports
  • Workmans compensation reports
  • Employee contact reports

– Banking

  • Deposits & Checks reports
  • Reconciliation reports

– Accountant & Taxes

  • Trial Balance reports
  • General Ledger
  • Audit reports
  • Accounts & Fixed Assets reports
  • Income Tax reports

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– Budgets & Forecasts reports

– List reports

– Industry Specific Reports

– Contributed Reports (NEW in 2012)

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