Financial Reporting in QuickBooks Enterprise, Learn Best Practices and Benefits of Reporting

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Call brief
Jena from Fourlane discussed the key features and benefits of financial reporting in QuickBooks, including how to access and customize reports, the use of QBAR (QuickBooks Advanced Reporting), and the various sales, purchase, and inventory reports available to provide valuable insights for operational and financial decision-making. She emphasized the interconnected nature of the reports and the ability to track budgets versus actuals, which can help the company manage its overall financial health and profitability.

Key points
1. Jena discussed general report navigation in QuickBooks, including the Reports tab, Report Center, and Quick Reports.
2. She explained how to customize reports by modifying display and filter options, and how to memorize customized reports for future use.
3. The presenter highlighted several sales-related reports, such as Customer Summary, Sales by Item, and Sales by Rep, which provide insights into customer activity and sales trends.
4. She discussed job profitability reports, which track expenses and revenue for specific jobs or projects, allowing for better cost management.
5. Purchasing reports, like Purchases by Vendor and Purchases by Item, were mentioned as tools for vendor management and forecasting.
6. The Inventory Stock Status by Item report was reviewed, providing details on product quantities, reorder points, and vendor information.
7. Jena emphasized the importance of the Budget Overview and Budgets vs. Actuals reports for overall company financial planning and performance monitoring.
8. The presenter explained how the various sales, purchasing, and job-related reports integrate to provide a comprehensive view of the company's operations.
9. Jena summarized that the discussed reports can offer valuable business insights and help guide strategic decision-making.
10. She encouraged the attendees to explore the range of reporting options available in QuickBooks to support their company's needs.

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