The accounting systems of today capture more levels of information than they ever have in the past. This means that CPAs are having to sort through quite a bit of data. QuickBooks report writing software offers a wide range of incredible features to help you sort through all of that financial data in order to obtain the intelligence and material that you need to make the best possible business decisions.
Column Controlling
With the QuickBooks software, you gain access to a unique column control option for your financial reports. This tool is actually quite simple to use. Simply open your financial report and choose from the available options, such as class, inventory site or month.
For example, a Profit & Loss report can be customized in a way that displays detailed can subtotal columns for not just every item in the inventory, but in the item category as well. When you have the ability to cut and slice financial data in such a way, a plethora of useful information will suddenly appear right at your fingertips.
Resizing Columns
The diamonds that you will find between the column headings make it easy to resize the widths of the columns in your report. In addition, you will be automatically prompted to verify whether you want to resize all of the columns or just a single column. Memorizing the report will keep the new column setting, so you can use it in your future QuickBooks report writing.
Memorized Reports with Date Range Options
There are two different options offered by QuickBooks to modify report dates. For memorized reports, it is best that bookkeepers only use the English-phrase date ranges to make sure that they desired period data is printed without having to edit the report dates on the statement manually every time you produce the report.
Transaction Reports Subtotaling
Similar to the delineation of financial reports in multiple ways using columns, transaction reports can also be subtotaled different ways by rows. In order to control the subtotals on a transaction report, simply open the report and choose Customize Report. Then, from the Display tab, choose the totaling option you want from the Total By dropdown menu.
Expand and Collapse Reports
QuickBooks makes it possible to view detailed or summary views of your reports by simply clicking the Expand or Collapse button located at the top of the report. However, before you can use this feature, you will need to edit your Chart of Accounts and classify a number of the accounts to subaccounts.
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