Accounting professionals are frequently engaged to produce Financial Statements for clients; however, from time to time our clients need to produce quality reports on their own, and want to do so in the simplest way possible. The Management Reports found in QuickBooks Online is the very tool they need. We can customize, save and instruct our clients how to use the Management Report feature so they can easily produce high quality, bank ready reports with a few simple steps:
1) Select Reports, then Management Reports, choose Basic Company Financials, and Edit
QBO Management Reports
2) Now choose your Cover Style, Title, Period, and Prepared by (your client). [Note: you may customize, add or reduce the attachments.]
QBO Management Reports
In addition to the traditional reports you may want to supplement the client's financial statements with additional reports to meet either the client's request, or the needs of those they submit their reports to.
QBO Mgmt Reports
QBO Management Reports is a simple, but powerful, feature because it allows the client to produce financial statements, either on an as needed basis, or based upon a schedule, so they can be emailed to meet the reporting requirements of banks, investors or management/company directors.