There are two special balance sheet accounts and supporting reports that we want to take a quick look at before proceeding to the Income Statement. In this module (#4 of 11), we will examine Accounts Receivable and Accounts Payable, and consider how we can use these reports to speed up cash flow and ultimately use these reports to make your business run better. Then, we will move on to the big bottom line report—the Profit & Loss report (with percentage of income). Accountants typically refer to this report as an Income Statement but QuickBooks calls it a Profit and loss report… Series Overview: Useful, accurate management accounting reports are vital to running a successful business. This seminar walks through seven reports you can use to control and increase your bottom line. And how do you get those reports? We’ll help you explore and understand how the Top 10 structural components in QuickBooks are used to build your customized management accounting reports. If you have a construction business, you’ll also find insights based on our many years of specialization in your industry. In this free online training series (11 videos!), QuickBooks Training for Construction — Building profits with Accurate Job Cost Reports & Critical Management Accounting Data, you will learn how to design your QuickBooks accounting system around critical construction-industry management reporting needs.

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