QuickBooks® 2012 In Depth

15. Reviewing Your Data

Importance of Reviewing Your Data

This book would not be complete without a few pages of instructions about what reports you should review for your business. These reports are not the only reports you will find useful in QuickBooks, but they are important for you to review in your file periodically.

These reports are only a subset of the many reports in QuickBooks, but are typically used by accounting professionals to verify the accuracy of your data.

Reviewing the Balance Sheet

Did you know that the report a business owner is least likely to look at is also one of the most important? To the business owner, the Balance Sheet report shows the balance of assets (what the business owns), liabilities (what the business owes ...