QuickBooks offers a wide range of reports to help you understand your business's financial position. Here are some key reports you should be familiar with:
- Profit and Loss Statement: Shows your income and expenses over a specific period.
- Balance Sheet: Provides a snapshot of your company's financial position at a specific point in time.
- Cash Flow Statement: Tracks the flow of cash in and out of your business.
- Accounts Receivable Aging: Shows outstanding customer invoices and how long they've been unpaid.
- Sales by Customer Summary: Helps you identify your top customers and analyze sales patterns.
To learn more about financial reporting, visit the U.S. Small Business Administration's guide on managing business finances.