Understand Reports In QuickBooks Desktop

Understanding Reports in QuickBooks

One of the benefits to using QuickBooks software would be the reports included with the program. It takes the entered transactions and organizes it into meaningful business data. How can these reports allow you to as well as your business? Understand Reports In QuickBooks Desktop and understand where your organization stands financially.

I am going to explain what these reports display and how you need to use each report for your needs.

– 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

- Inventory reports
– Employee & Payroll

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

Related Topic: https://accountinpro.blogspot.com/2020/12/understand-reports-in-quickbooks-desktop.html

– Banking

• Deposits & Checks reports
• Reconciliation reports

– Accountant & Taxes

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

– Budgets & Forecasts reports

– List reports

– Industry Specific Reports

– Contributed Reports (NEW in 2012)