QuickBooks Quik Tip for the Day – Financial Statements

Posted by on Feb 25, 2011 in QuickBooks Tips | 2 comments

This tip can be used by most QuickBooks users, but would be especially helpful to senior accounting staff who create financial statements. I’m not speaking of the financial statements that QuickBooks creates, but the ones that you see produced by auditors or external accountants.

With the QuickBooks Financial Statement Designer, you can merge as many accounts into one as needed. If you happen to produce MD&A quarterly reports, you will find this very useful, as it can be embedded into a Word document.

You can create Balance Sheets, Profit & Loss, Cash Flow and other types of statements. This feature uses a spreadsheet type of format and takes a bit of work to produce the first one, but after that you should get the hang of it. If you find it is taking you too much time, then you can also call your QuickBooks Trainer.

To find the feature, from the Home page click on Reports, from the Menu Bar, Financial Statement Designer and then New. From there, you just start creating  your Financial Statements, which will look as professional as required.

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www.quickbookstrained.com is now mobile friendly. From the web address you can choose Options/Mobile formatted and the site will appear in all its living colour for you to view. Check it out.

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2 Responses to “QuickBooks Quik Tip for the Day – Financial Statements”

  1. Fern Fitzgerald says:

    I have set up a revised chart of accounts for a small business using a numbering system. When I print profit and loss statements the numbers are not in descending numerial sequence in each class as I expected. Help!

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