Question 1

What are accounting reports?

Accepted Answer

Accounting reports show you the financial position of your business over a period of time. They are a useful source of information for business owners to help you see where you're making and spending money.

Question 2

What's a profit and loss statement?

Accepted Answer

A profit and loss statement is a legal requirement for limited companies, and for sole traders earning over £50,000 a year. A profit and loss statement not only keeps track of your income and outgoings, but also helps spot how the business is performing.

Question 3

What is cash flow and why is it important?

Accepted Answer

“Cash flow” is a term that refers to how cash moves in and out of your business and your bank account. Cash inflows are your sources of income, and cash outflows are your business expenses. Cash flow insights give you a clear picture of the current state of your business. It helps you see how long you can maintain your business, based on the typical patterns of bringing in and spending money.

Question 4

What types of reports are there in QuickBooks?

Accepted Answer

Balance sheet including retained earningsProfit and loss statementIncome statementAnnual reportsAnd more

Question 5

Can I import data from my Excel spreadsheets into QuickBooks?

Accepted Answer

Yes. You can import Customer, Supplier, Items, and Chart of Accounts from an Excel spreadsheet in several ways.

Question 6

How do I share my reports with my accountant?

Accepted Answer

You can schedule recurring reports to email your accountant at a frequency of your choice. If they are using QuickBooks, you can give them access to view your financial reports from any point in time in their dashboard.

Question 7

What’s an AI agent?

Accepted Answer

Intuit has a suite of AI agents designed to minimise manual work and drive business success by automating workflows and surfacing valuable insights. Your access to the various AI agents depends on your plan.

Agents include:

• Accounting Agent

• Finance Agent

• Customer Agent

• Project Management Agent

• VAT AI Agent (BETA)

Question 8

Can my accountant help me with my VAT accounting?

Accepted Answer

Yes, you can give your accountant or bookkeeper access to your data so that they can help you with your accounts. You can also schedule reports to be emailed to your accountant at a frequency of your choice.

Question 9

What’s an AI agent?

Accepted Answer

Intuit has a suite of AI agents designed to minimise manual work and drive business success by automating workflows and surfacing valuable insights. Your access to the various AI agents depends on your plan.

Agents include:

• Accounting Agent

• Finance Agent

• Customer Agent

• Project Management Agent

• VAT AI Agent (BETA)

Question 10

How do AI agents work?

Accepted Answer

How do AI agents work?

Each agent focuses on a specific area—like books, finances, lead management or project management—and works quietly in the background to assist you as you use the product. Work done by our agents is added to your personalised business feed–ready for you to review and approve–so you're always in complete control.

Your access to the different AI agents depends on the products and features you’ve subscribed to.

Question 11

What’s the difference between an AI agent and generative AI?

Accepted Answer

What’s the difference between an AI agent and generative AI?

Agentic AI is a type of artificial intelligence that performs goal-oriented actions, makes decisions, and automates complex processes with little human guidance. Generative AI (GenAI) is a technology that creates new content based on existing data patterns and prompts given by humans.

The main difference between agentic AI and GenAI lies in their core functions: achieving something versus creating something.

Question 12

How do AI Agents impact the way I work with my accountant?

Accepted Answer

By letting AI agents handle the tedious and repetitive tasks, your accountant can focus more of their time providing strategic guidance to help you meet your goals.

Question 13

How do I know Intuit is using AI responsibly?

Accepted Answer

Intuit follows clear responsible AI principles to ensure our technology is safe, fair, and trustworthy. We design AI to enhance human talent, protect privacy and security, and promote fairness and transparency, always with accountability and customer trust at the core. Learn more about our responsible AI principles.

Question 14

Can AI Agents adapt to the unique needs of my business?

Accepted Answer

Yes. QuickBooks AI Agents learn from your business data and operations to provide insights, recommendations, and automation that fit your workflows. With their help, your virtual team becomes more efficient over time.

Question 15

How can AI Agents help improve business efficiency?

Accepted Answer

AI Agents help small and mid-sized businesses run more efficiently by automating tasks like bookkeeping, customer management, and tracking finances. They spot important trends, highlight issues, and give suggestions so you can save time, avoid mistakes, and make better decisions. Work done by Intuit AI agents is added to your personalised business feed–ready for you to review and approve–so you're always in complete control.

Question 16

Do AI Agents just automate business tasks?

Accepted Answer

No. While AI Agents can automate tasks, they go beyond simple automation for your business. Agentic AI actively analyse your business, flag issues, offer recommendations, and help you make smarter decisions. Think of them as a virtual team that works alongside you to keep your business running smoothly.

Question 17

How do I choose the right AI agents for my business?

Accepted Answer

Each QuickBooks plan includes a set of AI agents that scale with the plan you select. The right choice depends on your business size and needs. Small businesses benefit from agents that handle essentials such as expense organisation and bookkeeping, while growing businesses might benefit from additional AI agents that support payments, customer management and project tracking.

Don’t miss the 6 April 2026 deadline

Don’t miss the 6 April 2026 deadline

Don’t miss the 6 April 2026 deadline

Need help choosing?

Talk to sales: 0808 304 6205

Get product support

Real-time dashboard with customisable reports

Always know your cash flow

Keep track of overdue invoices

Customise your reports

Schedule recurring reports

Import data automatically

Save time with more accurate books

“QuickBooks accurately gives us an insightful financial snapshot of how we’re doing as a business.”

Will Jones
Journeys by Design

An AI agent for every job

78% of customers say Intuit Assist makes it easier for them to run their business.¹

Find a plan that’s right for you

Get up and running with free support

Frequently asked questions

Trusted by millions of businesses worldwide

Stay informed and inspired

Don’t miss the 6 April 2026 deadline

Don’t miss the 6 April 2026 deadline

Don’t miss the 6 April 2026 deadline

Need help choosing?

Talk to sales: 0808 304 6205

Get product support

Real-time dashboard with customisable reports

28 years experience

16,270+

Millions of customers

Always know your cash flow

Keep track of overdue invoices

Customise your reports

Schedule recurring reports

Import data automatically

Save time with more accurate books

“QuickBooks accurately gives us an insightful financial snapshot of how we’re doing as a business.”

Will JonesJourneys by Design

An AI agent for every job

78% of customers say Intuit Assist makes it easier for them to run their business.1

Find a plan that’s right for you

Get up and running with free support

Frequently asked questions

Trusted by millions of businesses worldwide

Stay informed and inspired

Will Jones
Journeys by Design

78% of customers say Intuit Assist makes it easier for them to run their business.¹