Manage and Grow Your Business using Reports in QuickBooks

Описание к видео Manage and Grow Your Business using Reports in QuickBooks

In this Manage and Grow Your Business using Reports in QuickBooks video, you will learn how to run reports to help you manage and grow your business.

Don't wait until tax time! Keep track of your business year-round.

The key to using QuickBooks to manage and grow your business is taking the time to generate reports to see what is happening with your business.

How many times a year do you look at your company’s Profit and Loss?

What most entrepreneurs do is wait until tax time, then rush to get everything together.

I want to teach you to enter your transactions monthly…

then take the time to read your reports to keep an eye on your business and make better decisions.

Once you start reviewing your reports regularly you will see a shift in your business! You might be thinking, “how can that be?”

Simple – you will make decisions throughout the year to adjust.

How do you know how well your business is doing?

Let me show you how to generate reports! 🙌


➡️ Profit & Loss Standard Report
Go up to “Reports”
“Company & Financial”
“Profit & Loss Standard”
“Dates”
“Cash” or “Accrual” basis

➡️ Profit & Loss Content
Income
Cost of goods
Expenses
Other Income Expense
Other Income
Net Income

➡️ Cash Basis – At the moment you deposit the money into your account, it’s Income and at the moment you write a check on it, it’s an Expense.

➡️ Accrual Basis – At the moment you create an Invoice for your customers (Accounts Receivable) that is Income to you. The moment you say it’s an Accounts Payable, or Enter Bills it’s an Expense to you.


**What you title your Accounts affects your Profit & Loss report

Go up to “Lists”
“Chart of Accounts”


➡️ Profit & Loss by Job
Go up to “Reports”
“Company & Financial”
“Profit & Loss by Job”

➡️ Customizing Report
Open the report you want to customize
Go up to “Customize Report”
Choose “Cash” or “Accrual” basis
“Expand” or “Collapse” button
“Show Columns”

➡️ Balance Sheet Report
Go up to “Reports”
“Company & Financial”
“Balance Sheet Standard”

➡️ Balance Sheet Report Content
Assets
Liabilities
Equity


➡️ Statement of Cash Flows Report
Go up to “Reports”
“Company & Financial”
“Statement of Cash Flows”


➡️ A/R Aging Summary Report
Go up to “Reports”
“Customers & Receivables”
“A/R Aging Summary”


Timestamps:

0:00 - Intro/Sharing
4:19 - Profit and loss standard
4:40 - Cash vs Accrual
7:12 - Purpose of Profit and Loss
7:29 - Profit and loss explained
12:11 - Profit & Loss by job
17:13 - Balance Sheet explained
21:13 - Statement of Cash Flows
25:44 - A/R Aging Summary
26:22 - Report Center
27:15 - Memorize report
28:00 - FInal Thoughts


Get the entire Mindset Series in your inbox, visit: http://CandusKampfer.com/quickbooksmi...

Need to learn more areas of QuickBooks? Join us on our next workshop to learn how to design QuickBooks for your specific business...
➡️ https://CandusKampfer.com/workshop

Receive our QB tips straight to your inbox each week visit:
➡️ https://CandusKampfer.com/tips

Subscribe here for more QuickBooks tips 👇
https://www.youtube.com/c/CandusKampf...


I’d love to connect with you 👇

Instagram:   / candus.kampfer  
Facebook:   / canduskampfer  
CandusKampfer.com: https://canduskampfer.com/
TikTok:   / canduskampfer  
Pinterest:   / canduskampfer  

#CandusKampfer #QuickBooks

Комментарии

Информация по комментариям в разработке