Sales by Customer Detail report (screenshot 1) is for both income and COGS for inventory items (screenshot 2). That’s why the report is showing positive and negative numbers. To show one line per item in essence for income only, you will need to customize the report. Click the customize button > Go to Lists section […]
Run Transaction Detail by Account report. Customize > Lists > Transaction Type = Invoice Distribution Account = All Income Accounts Change report title (optional) = Income by Invoice This customized report should show income by invoice. Filter for Invoices for the time period as needed. You can further customize the columns (add or remove) by […]
Simple Start plan may be the best value for the bucks if your business just needs to sync bank accounts to the QuickBooks, categorize transactions and generate Profit and Loss, Balance Sheet and other basic financial reports. These are the built-in standard reports available in Simple Start plan (June 2018). Business Overview (12 reports): Audit […]
You have two ways to handle this issue in QBO: Manual Setting Automatic Setting (auto-mode) You will need to select the one which is right for your business situation. When you create a new company file in QBO, normally this auto-mode is already ON as a default setting. Manual method is commonly used when you […]
QuickBooks Online is available in three different plans: Plus, Essentials and Simple Start (or EasyStart). Here is a full list of reports available in different plans of QuickBooks Online: #QuickBooks Online What are the specific reports available with the Simple Start version of Quickbooks Online..
Statement of cash flow is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents and break the analysis down to operating, investing and financing activities. First, the report run is based on an accrual basis accounting method in QBO. It is hard-coded so you can not […]
This article will guide you on how to handle inventory step by step. First, let’s start with understanding what “Inventory in and out” means in QBO. It means you will be adding (in) purchased inventories to Inventory Assets account that is current assets type to the chart of accounts and you will be subtracting (out) […]
You can customize daily income in total and make this your own customized Flash Report for your business. From the home page screen Left Navigation Bar Reports All Reports Business Overview Profit and Loss Change Transaction Date to “Today” Select Customize button (upper left corner) Change Accounting Method to “Cash Basis” if you just want […]