QuickBooks' easy-to-run reports put the most important financial facts about your business just a click or two away, such as:
Cash on Hand
Accounts Payable
Accounts Receivable
Inventory Levels
Sales Report
Ok, so you have some nice reports. So what do these reports mean? How can I use this information to make business decisions that will make me more profitable?
Has your accountant handed you a bunch of reports and you found yourself asking, "So what? What does that mean to me?" If the reports do not give you a clear indication of what they mean to the financial health of your company, much less what to do about it, know that you don't need more reports. What you need is a more complete understanding of what they mean.
Learn the Language of Business
Accounting is the language of business. Without it, you cannot determine what is going right in your business and how to correct what is going wrong. With an understanding of accounting basics, QuickBooks makes financial analysis easy. With its easy-to-use reports and an understanding of the inner workings of your company's financial data, you can use the following reports to quickly answer these questions:
Cash on Hand
Can I pay my bills?
Am I extending too much credit?
Accounts Payable
Who do I owe, and how soon?
Where am I spending too much?
Accounts Receivable
Who owes me, and how soon will I get paid?
Who isn't paying me, and should be sent to collections?
Inventory Levels
What am I running out of?
What is just taking up room on the shelf?
Sales Report
What is selling?
What items need to be discontinued or marketed differently?
The Business Owner's QuickBooks Accounting Course teaches you the basics of accounting, how to use QuickBooks to enter data and run reports, and how to determine next steps to take to increase your profitability.
Professional Bookkeeper's Guide to QuickBooks Introductory Offer Pricing!
The Professional Bookkeeper's Guide to QuickBooks retails for much more, but for a limited time we are offering a substantial discount. Also, purchase The Professional Bookkeeper's Guide to QuickBooks, and we'll include a trial version of QuickBooks for free. Get a trial version of the QuickBooks software, plus the most extensive training Course on QuickBooks to date, for one very low price!