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weukmarketing-gm
Level 1

How can I create a document that reports my company's current financial status, including the balance of the accounts?

 
1 Comment 1
MAnneJ
QuickBooks Team

How can I create a document that reports my company's current financial status, including the balance of the accounts?

I can give you an overview of the reports that can help you track your business finances in QuickBooks Online (QBO), Weukmarketing.

 

Running a Balance Sheet report provides a snapshot of your business's financial health, summarizing assets, liabilities, and equity for a specific date, along with detailed account balances.

 

Here's how: 

 

  1. Open your QBO account. 
  2. In the left panel, go to Reports.
  3. Enter the keyword Balance Sheet in the search field. 

  4. On the page, you can click Customise to personalise your report to your preference. 
  5. Once done, select Run report. 

 

On the other hand, running a Profit and Loss report shows your business's revenue, expenses, gains, and losses for a specified period, summarizing net income or loss to overview company performance. To do so, follow the steps below:

 

  1. Open your QBO account.
  2. In the left panel, go to Reports.
  3. Enter the keyword Profit and Loss in the search field.

  4. Click Customise to personalise your report to your preference.
  5. Once done, select Run report.
     

 

Additionally, you might want to visit these articles and check which reports are available in your QBO version, save the current customisation for future use, and export a custom report in Excel or PDF format: 

 

 

I'll be in touch if you need additional assistance running your reports in QBO. Have a great day ahead of you.