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Using QuickBooks Budgets & Forecast Reports to Track Company Growth

by vikas 4 month(s) ago

Article source:-https://www.wizxpert.com/using-quickbooks-budgets-and-forecasting-reports/

 Keeping a track record of how well you are performing is essential to achieve success. QuickBooks Budgets & Forecast Reports helps you to see, how well your company is performing. You can also compare your company actual revenues and expenses to your company’s budget amounts.

With the help of these reports, you can identify cost savings opportunities, possibilities for expanding on revenue source and errors or excluded for incorrect accounting entries with these reports.

Keep reading this blog to learn in detail about a list of QuickBooks Budgets and Forecasts Reports forward along with their brief description. Hope this will help. For additional assistance, you may talk with our QuickBooks Enterprise support team.

Read also: How to Create & Delete Budget in QuickBooks Desktop?

QuickBooks Budget: 
It gives you information about your company budget revenues as well expenses.

Budget Overview: It gives you information about your budgeted revenues and expenses.
Budgets vs. Actual: Forecasts Report helps you to compare your company actual profit and costs to your company’s budgeted amounts, and gives you your deviation so you know whether you are over or under budget.
Profit and Loss Budget Performance: It customizes report of profit and loss is similar to the budget vs. Actual Report. Except that the actual revenues, expenses are compared to the budget amounts for the current month and current year.
QuickBooks Forecasting:
QuickBooks Forecasting provides you reports assisting with your business’s projections of future revenues and expenses.

Forecasting Overview: It tells you what your company’s monthly forecasted income and costs are for a particular time period that you select.
Forecast vs. Actual: It is the Report gives you the budget-to-actual ventures and expenses or account balances compared to the forecasted or projected amounts.
More QuickBooks Reports:
It is an accounting software for small and medium-sized business, QuickBooks has a comprehensive suite of accounting and financial reports to meet your reporting needs. There are various types of reporting such as:

Company and Financial Reports: It tells you how your company is doing financially.
Customer and Receivable Reports: It tells you how much your buyer for owe you.
Sales Reports: It gives you information about sales rep, sales orders, and pending sales.
Jobs, Time & Mileage Reports: It tells you about your job estimates, including time, the amount spent, and mileage for each job.
Vendor & Payable Reports: It shows you how much money your company owes to its vendors.
Purchase Reports and Inventory Reports: It gives you information about your company’s purchases and its open purchase orders, including inventory value, stock, and work-in-progress.
Employees & Payroll Reports: It shows you information about your employees and payroll expenses.
Banking Reports: It gives you information about your banking transactions.
Accountant & Taxes Reports: It gives you information about your basic accounting reports and information needed to prepare your income tax return and need do payroll tax.
Lists Reports: It shows your phone, contact, and customer lists that you will find useful.
Looking for support and help? Talk to our QuickBooks customer service team. Dial 1(855) 441-4417 to start your conversation.

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