QuickBooks is really a huge help for all the financial people. This accounting software is a great help for all the accountants in the world. This software helps an accountant to track his/her entire financial and accounting status. With this, they are able to figure out the amount of money they have spent on different things in different areas.
Benefits of QuickBooks to Business Owners
• They can see who owes money to them and can send them reminders
• They can get a complete insight of their business
• They can check all the accounts of their business i.e. balance sheet, profit and loss account
• They can monitor the cash flow as well as the revenue
• Invoicing and estimating becomes easy
• They get complete visibility of their business. QuickBooks support for financial data.
• They can easily track sales and expense
• They get multiuser login as well as accountant login
QuickBooks allows you to produce financial statements from your business records without even having you try to do any manual calculations. QuickBooks support for financial data is really great and very helpful, you can adjust and change the report columns and contents to show only the specific information you require. You can modify all your QuickBooks reports in this way. You can create statements for individual customers by listing their transactions with your company for the previous month, future months as well as their current outstanding balances.
Creating Financial Statements for a Company
Open the software, Click on “Reports” scroll down the menu and select “Company & Financial.” Now, Click on the report you want to prepare.
You can modify the report by filling in the “From”, “To” fields or by choosing an option from the “Dates” drop-down menu.
Click on the “Modify Reports” button. Under that you’ll see a Display tab, click on the items you want to include in your statements. A check mark will appear next to each item you choose. Click on items you do not want to include to remove the check marks.
Click on the “Print” button. Besides printing it , you also have the option to either memorize, email or export the report to a spreadsheet with your various selected options.
Creating Customer Statements
Click on the “Customers” menu and then select “Create Statements.”
You have to Confirm and correct the statement date in the Statement Date field. You can also put the time period you want the statement to cover in the Statement Period field.
Choose and select the customer option you want to print.
Click the “Print” button to print the customer statement you have prepared.