We can all agree the use of financial information is a valuable tool for any business.  Reports are not only used for internal use, but bankers, accountants, shareholders and other advisory groups need those reports (at any given point during the year) to help the business in various ways. 

My colleague Micheal McKinney and I had the privilege to present at last week’s Chamber U session.  The goal of the presentation was to show the features in QuickBooks that allow the user quick and easy access to those reports and how to customize those reports to best suit their needs.  We discussed the use of the Report Center within QuickBooks and the various reports that it displays. 

We also informed the group about the memorize report feature.  The use of memorizing a report and assigning it to a memorized report group allows the user to access a report or group of reports at one time, without the inconvenience of trying to remember which reports need to be generated for a specific group or how that group wants that report to look. QuickBooks can be best utilized to:

  • Organize your business finances all in one place
  • Easily create invoices and track sales and expenses
  • Quickly import your data from a spreadsheet
  • Get a real time snapshot of your business with Company Snapshot
  • Manage vendors and expenses easily – enter, track and pay bills
  •  Easily create and customize estimates, invoices and statements
  • Get complete and reliable records at tax time
  • Download your online banking transactions directly into QuickBooks4

For the  2012 edition there is a new integrated HELP that can stay up in the corner of your screen as you work on invoices, etc.

About the Guest Blogger: Ellen S. Nash, CPA is a member of the Blackman & Sloop, CPAs team. For additional questions about QuickBooks, contact 919-942-8700.