Creating Meaningful Reports in QuickBooks - Part 2 (Customizing)

The actual mechanics of creating reports in QB are fairly straightforward. You can go to the
Report Center, make a selection, maybe change the date range, and voila! Your company’s related data appears in neat rows and columns.

nov-2016-qbc-fig-1

You may be able to get some of the information you need by changing the date range on a QB report.

Now perhaps you want to see different columns than what QuickBooks’ report templates include. Further, you might like to filter your output for more meaningful, targeted analysis. Some of QuickBooks’ reports-particularly those included in the categories Company & Financial and Accountant & Taxes – can be a little difficult to understand.

We encourage you to let us run these more complex reports, like the Balance Sheet, for you on a regular (monthly or quarterly) basis. They can provide valuable insight as you continue to make critical business decisions. We surely don’t want to discourage you from working with QuickBooks’ reports on your own. You could run A/R Aging Detail, for example, to keep an eye on past-due payments, or Unpaid Bills Detail to see where you stand with your own financial obligations.

Make Reports Yours – Customize

Sometimes, QuickBooks’ own report output is a bit too broad for your needs. So the program provides sophisticated customization options. You can work with these to narrow down and shape the data that appears in your reports.

First, columns. Building reports from scratch would be too time-consuming and frustrating for you to do all of the time. It’s unnecessary, since QuickBooks provides templates for its reports, sets of columns and data filters that would serve some businesses well, and which can be modified by each user.

Hands on Exercise–Try this. Open the Profit & Loss Detail report and click on the Customize Report button in the upper left corner. The Modify Report window opens.

nov-2016-qbc-fig-2QuickBooks lets you modify the columns that appear in reports.

The Display tab should be highlighted. Change the Report Date Range if necessary by clicking on the down arrow to the right of the Dates field. You can also create your own custom date range by deleting the dates in the From and To fields and entering new ones, or by clicking on the small calendar icons and clicking on the desired dates.

Warning: Do you understand the difference between running reports as either Accrual or Cash? This is important. If you don’t, let’s get together to go over some basic report concepts.

It’s easy to change the default columns that appear in reports. You can either enter a column label in the Search Columns box or scroll down the list of all possible labels. Click in the space in front of the ones you want to include, and click on existing check marks if you want to remove those labels. You can also designate a sort order, either Ascending or Descending.

If you want to work with the Advanced options, or if you come across a Display screen that puzzles you (depending on the report), call us at 256-337-5200 to set up a reports training session.

nov-2016-qbc-fig-3QuickBooks Report Filters Screen

When you’re done here, click on the Filters tab. This is a powerful element of QB report customization. You can limit your report output to data that meet certain criteria. In the image above, for example, you can tell QB which subset of Accounts should be included. Click on the Billing Status filter, and you can limit the results to Any, Not Billable, Unbilled, or Billed. You get the idea. You can apply multiple filters to a report. Every one you select will appear in the list under Current Filter Choices.

We’ll skip the Header/Footer and Fonts & Numbers tabs, since these are primarily cosmetic options you can explore on your own.

You can see from this brief overview how you can use many QB reports as is or customize them extensively. We recommend that you work with reports regularly, both on your own and with us. The insight they provide can help your company grow and flourish instead of just getting by. We can also memorize these custom reports, so you can run them any time you want. Want to learn more, give us a call at 256-337-5200.

The “QB Bob” Team
Intuit Premier Reseller
256-337-5200