One of the benefits to using QuickBooks software are the reports included with the software. It takes the entered transactions and organizes it into meaningful business data. How can these reports help you and your business? Understand these reports and understand where your business stands financially.

I will explain what these reports display and how you can use each report for your business.

– 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
• Workers Comp 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

– Budgets & Forecasts reports

– List reports

– Industry Specific Reports

– Contributed Reports (NEW in 2012)