BTACT – Woodland Hills Quickbooks Enterprise, Pro Consulting & Training

Expert QuickBooks Consulting & Training – Woodland Hills

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Accounting Systems: to report history or to help forecast the future?

January 8th, 2009 by Bruce Andersen

When I entered the accounting profession, financial statements were typed in word processors and spreadsheets were done on 13-column paper.  Really not so long ago, but getting a financial statement was truly an “event”!

Now basic accounting systems, like QuickBooks Pro costs under $200 and financial statements (canned out the accounting software) are instantaneous.

Today, accounting information can be kept up-to-date daily and reporting can be as quick.  For even the smallest of businesses, a daily flash report can be as easy as clicking on a “memorized report” icon.

  • Cash as of today
  • Open Accounts Receivable as of today, what customers owe you.
  • Open Accounts Payable as of today, what you owe suppliers.
  • P&L (profit or loss) statement on a month-to-date basis (and/or other time slices).

This is available if you put the discipline into your business so you have this information available.

Give us a call if you need help getting this set up.   (Setup once, use many, many times!)

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