Category Archives: Reports

Insights Into Your Business

There are lots of ways to stay on top of your business when it comes to reports and metrics. Personally, I have reports and tasks on my toolbar so they’re one click away and I’m frequently in the Company Snapshot because I can easily see so much in one screen. But I find there are charts and graphs and metrics not in the Snapshot and many are unaware they even exist! So today I’d like to share a few. Continue reading

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Tracking Use Tax

If you have to collect sales tax, then chances are your report form asks you about use tax. Use tax is a sales tax on purchases taxable in your state but for which you were not charged. It’s easier to keep up with tracking as you go along, rather than waiting until the end of the report period, especially if you pay quarterly. So here are the steps to simplify your reporting. Continue reading

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What Your Profit and Loss Is Really Telling You

Who doesn’t like to look at profit?! But I find many have misconceptions about what the Profit & Loss report (or Income Statement) can/should do for them. This is usually due to a lack of knowledge when it comes to accounting. But whether you are the business owner or the bookkeeper you should understand at least a little bit about accounting and your financial reports. So here are some basics that will help you both review your jobs or projects as well as your business. Continue reading

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Filter to Find What You Want

QuickBooks makes it easy to find information with their Filters. A filter simply limits (filters out what you don’t want) so you see only what you want to see. Both the Find Feature and reports in QuickBooks use Filters. So once you know how to use in one place, you can use it elsewhere. Continue reading

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Better Business Decisions by Customizing QuickBooks’ Reports

A key reason for tracking your accounting in QuickBooks is to help you make better business decisions. Sometimes, to get the information you need, you need to customize an existing QuickBooks report. Continue reading

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Estimated vs Actual Hours

How did the actual time on the job compare to what you estimated? That’s one of the big things you want do know, right? If job costs run over, it’s usually in the area of labor, not materials. Here’s how you create it. Continue reading

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Margin vs Markup

When reviewing the job cost reports in QuickBooks and turning on the %, it’s important to know just what percentage you see in the report. Where this really jumps out is comparing the P & L for a particular job to the Job Profitability Detail report. You’ve probably noticed these percentages are not the same Continue reading

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Reports to Monitor Job Costs

You may be in the middle of your mad rush or just extremely busy right now. Either way, you have jobs in progress or already completed so it’s worth knowing just what job costing data you can pull from QuickBooks. Here are a few job cost reports to help you monitor your progress and profitability – perhaps some you didn’t know existed! Continue reading

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Year-End Review and Planning

While you still have 2 more months to generate income (and expenses), you probably have a somewhat good idea of your year-end numbers. As you look back over your year, take the time to list what worked – and what didn’t. Here are a few recommendations to help you review 2017 so you can plan for 2018 Continue reading

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What’s In Your Top 20?

You’re probably familiar with the Pareto Principle, which states that 80% of your results come from 20% of your work. Have you ever stopped to look at the Top 20 in your business? You can identify the top 20% of your customers, types of customers, products/services, sales reps, expenses, etc. in QuickBooks. While it won’t always be an 80/20, you can still see what floats to the top and bottom. Take a look! Continue reading

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