Financial statements, also commonly referred to as financial reports, are detailed records of a business's financial activities. Financial statements are critical components in understanding whether a business is making or losing money, and how much cash the business has on hand. Financial statements give business owners valuable insight into the business's financial health so that they can make smart business decisions. The balance sheet, the income statement (also called the profit and loss statement), and the cash flow statement are a business's three main financial statements and are included in all versions of QuickBooks Online.
QuickBooks Online is # 1 in cloud accounting for small businesses1. It organizes all of your financial information in one central location, making it easy to create and review financial statements. QuickBooks Online includes more than 20 pre-installed financial statement templates so that you can generate financial statements in just a few clicks. All of the financial statements in QuickBooks Online are accessible anytime and adhere to generally accepted accounting principles (GAAP). Easily create accurate financial statements with QuickBooks Online. Try it for free.
Easily generate financial statements with pre-installed financial statement templates in QuickBooks Online
QuickBooks Online comes pre-installed with financial statement templates, making it easy to generate financial statements for your business. The three cornerstone financial statements of any business are the balance sheet, the income statement (also called the profit and loss statement), and the cash flow statement. These three financial statements are accessible anytime and from anywhere in all versions of QuickBooks Online. In just a few clicks you can generate each financial statement individually, or you can schedule QuickBooks to automatically generate and email financial statements to you and other stakeholders.
In QuickBooks Online, simply go to the Reports tab and choose a financial statement in just a few clicks, or you can view a complete list of available financial statements and reports by choosing Report List. Easily customize financial statements and tailor them to your unique business needs. Simply click on the Customize button to select the data rows and columns to display, choose date ranges, filter the data by account or transaction, and more. Once you customize a financial statement, you can have QuickBooks Online memorize it so that you can quickly run it any time you wish. In just a few clicks you can also email financial statements, export them to an Excel spreadsheet, or print them.
QuickBooks Online tracks every dollar coming into (revenue) and going out of (expenses) your business. Because all of your financial transactions are recorded in one place, you can easily generate accurate financial statements so that you can measure and understand your business's financial health. Accurate financial statements are a critical component to managing any business, and QuickBooks makes it easy to generate and send financial statements in just a few clicks. Try QuickBooks Online for free.