I want to show you some company specific
reports so if I if I pick on uh the
reports and go into the report Center
let's pick on a company and financial
notice here you have profit and loss
statements then if I scroll down a
little bit further U then I have the
balance
sheet so these are kind the kind of
reports that um a a bank would want to
see or your your accountant let's look
at the profit and loss statement
so this is going to show you things that
you've purchased and then uh and then
things that you've sold over a certain
time period okay so you can see that we
we purchased so many items we we we uh
we sold so many items and it shows you
your net income that's a standard profit
and loss statement and as we talked
about in the previous video of course we
can modify that or memorize it once we
once we change
it I'm going to close is that uh another
standard company report is called the
balance sheet so if I scroll down just a
little bit further then we have the
balance sheet standard or the balance
sheet detail let's go into one of those
now this one shows you your assets like
your bank account your assets and your
liabilities see that so that show that
shows more of the overall picture
whereas the uh the p&l just shows you
your purchases and your expenses and
your sales for a certain time period the
balance sheet already shows you the full
Equity uh of the
company now another great company report
that you have is um if I pick on reports
there's one that's called the company
snapshot this gives you some really
great information about your company
very quickly notice how we have the
income and expenses Trend the prior year
income comparison customers who owe
money previous year expenses top
customers by sales account balances so
right away you can get a very quick uh
snapshot the way we did that was reports
and then the company
snapshot so you can see that just
there's so many great reports to help
you run your business uh in QuickBooks
