What are the specific reports available with the Simple Start version of Quickbooks Online

First, Simple Start plan may be the best value for the bucks if your business just needs to sync bank accounts to the QuickBooks, categorize transactions to generate the Profit and Loss report; and there is no need for Accounts Payable feature.

These are the built-in standard reports available in Simple Start plan as of December 30, 2015.

simple start reports
simple start reports

Business Overview:

  • Profit and Loss by Month (NEW)
  • Quarterly Profit and Loss Summary (NEW)
  • Profit and Loss
  • Balance Sheet
  • Statement of Cash Flows
  • Audit Log

Notice there is no General Ledger (GL) report on the list. If you think you need this valuable report added to future revision, you should send them your feedback to Intuit developers.
From the home page screen > Company Gear (upper right corner) > Your Company > Feedback > Post Your Own Idea

Review Sales:

  • Sales by Customer Summary
  • Sales by Product/Service Summary
  • Product/Service List
  • Customer Contact List
  • Estimates by Customer
  • Deposit Detail

Manage Accounts Receivable:

  • Customer Balance Summary
  • A/R Aging Summary(1)
  • Collections Report
  • Invoice List
  • Statement List

(1) TIP: Notice there is no A/R Aging Detail report on the list. From A/R Aging Summary report > click grand total amount link under “TOTAL” column. It will take you to the A/R Aging Detail report. The only difference with plans is you can’t customize this report.

Review Expenses and Purchases:

  • Transaction List by Vendor
  • Vendor Contact List
  • Check Detail

Notice there is no A/P Aging Summary report listed because there is no Accounts Payable (A/P) feature in Simple Start plan.

Manage Sales Tax:

  • Taxable Sales Summary
  • Sales Tax Liability Report

Manage Employees:

  • Employee Contact List

Manage Payroll:
(Once you are subscribed to the Intuit Payroll service, you may also see the following reports)

  • Time Activities by Employee Detail
  • Recent/Edited Time Activities
  • Payroll Summary
  • Payroll Tax Liability
  • Payroll Tax Payments
  • Payroll Billing Summary
  • Payroll Details
  • Employee Details
  • Payroll Tax and Wage Summary
  • Workers’ Compensation
  • Total Payroll Cost
  • Payroll Deductions/Contributions
  • Paycheck List
  • Total Pay
  • Vacation and Sick Leave
  • Retirement Plans
  • Multiple Worksites
  • Employee Directory

Accountant Reports:

  • Account List
  • Reconciliation Reports
  • Journal
  • Profit and Loss
  • Balance Sheet
  • Exceptions to Closing Date
  • Statement of Cash Flows
  • Transaction List by Date
  • Recent Transactions

These are additional reports available with QBO Accountant version.

  • Adjusted Trial Balance (Accountants Only)
  • Adjusting Journal Entries (Accountants Only)
  • Profit and Loss Comparison (Accountants Only)
  • Balance Sheet Comparison (Accountants Only)

TIP: From Accountant version, you can UNDO bank reconciliation. Check out our article and how-to video.

My Custom Reports
You can customize many of the built-in reports and make it your own reports. Set up to automatically distribute by email. Awesome!

Management Reports
Professional set of ready-to-use management reports as prepared by accounting firms. Also, an ability to add additional built-in reports to the management reports. You can’t automate the reports at this time.

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Our top 10 QBO improvements list of 2015

1. Permanently delete-excluded bank transactions
2. Mark a bank transaction as a billable expense and assign it to a customer
3. Collapse the left navigation bar
4. Multi-currency support
5. Add custom reports to your management reports packages
6. Hide sensitive data from limited access users on Customers and Vendors pages
7. Hide account balances from “limited access” users
8. Add subtotals on invoices and estimates1
9. Copy journal entries
10. Quicker access to registers right from the home page

Top 10 QBO Improvements of 2015

QuickBooks Online – Review of 2015 top improvements, worse update, 2016 wish list

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We have been building a website that has a ton of quality content. Here, you learn QuickBooks! And, share your knowledge!

It is great to know you are sharing your QBO knowledge with your friends and colleagues. Many people have also told us they found a high-paying job by learning QBO from our blog and watching our tutorial videos. Congratulations and good luck with your new job!

Also, thank you for bookmarking our site!

Please watch this five second GIF clip from Field of Dreams (probably the all-time best classic American movie) played by Kevin Costner and James Earl Jones. It is intended purely for educational/instructional purposes only. Click Play GIF. Hope you will like it!

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Our pinned countries!
Out of the 180 visiting countries, we think there is a sign of growing market in these ten countries. That’s why we pinned these countries to review our projection next year. We expect increase in page views from these countries. (They may login with their Global user accounts or their US access accounts.) #CrystalBall #JustForFun

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Here is our top 10 visiting countries in alphabetical order.

    Australia
    Brazil
    Canada
    France
    India
    Pakistan
    Philippines
    Singapore
    United Kingdom
    United States

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Once again, thank you to all 180 visiting countries! Please come again!

#QBFirmOfTheFuture

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#QuickBooks: Can I keep a simple inventory of all shop equipment

Question: Can I keep a simple inventory of all shop equipment in QuickBooks Online?

I need to list all shop equipment we have here in the shop. I just need the item and quantity. We do not sell these items so there are no prices involved, its just the equipment we use in the day to day business.

Answer: Yes You Can!

You will need PLUS plan do this tracking. Essentials and Simple Start do not have tracking features.

First, make sure to enable the tracking feature setting ON.
From the home page screen > gear (company gear) > settings > company settings > sales > products and services > tracking features ON (Track quantity and price/rate and Track quantity on hand) > save

Click on the screenshots below to enlarge them
track settings

Second, create a new dummy Inventory Item called Shop Equipment, then any items you create for the actual “Shop Equipment” (parent) will be marked as sub-items of that dummy Inventory Item.

To create a new item:
From the home page screen > gear (company gear) > settings > products and services > new (upper right corner)

When you create the new items:

  • Select “I track quantity on hand for this product” checkbox.
  • Enter “Initial Quantity on Hand.”
  • Enter “As of Date.”
  • Purchasing Information: enter information for more details (optional).
  • Cost: DO NOT ENTER A COST (leave it blank for the cost field). Equipment Inventory for this special work-around method in QBO cannot track the cost of the item. If you enter the cost your accounting will be totally messed up. It will add value to the Inventory Asset Account.
  • SAVE

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You can also create a customized Equipment Inventory Report if necessary.

To create customize report:
From the home page screen > gear (company gear) > settings > products and services > run report (upper right corner)

  • Select “Customize” button
  • Choose “Change Columns” under Rows/Cloumns
  • Add “Create Date” (this will give you information on when this was added)
  • Remove not needed columns (like description, price, cost)
  • Go to Header/Footer section and change “Report Title” as you need it
  • Run Report
  • Select “Save Customizations” blue button (if you want to create your own customized report for future use). Next time go to report and select “My Custom Reports, this report will be on the list.

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Is there a Help screen back button in QuickBooks Online?

Self-help window screen does have a back button once an answer is selected. First, you have to go to Help screen:

 

 

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When you are in an answer window screen and would like to go back to a previous answer, click the small white arrow that points to the left. It is located just to the left of the search field at the top of the window screen.

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They have several external-facing pages with self-help content for QuickBooks Online. Some of the contents are not up-to-date. Some external links will take you to unrelated articles. We recommend visiting our site (http://newqbo.net) to learn QBO. For QBO tutorial videos library visit our other site > http://QBOHarmony.com > Our “watch and learn YouTube videos” are watched and subscribed by QBO users from over 150 countries.

 

#QuickBooks Online