Call QuickBooks POS Support to know how to track your cash flow in QuickBooks Desktop

We are here to discuss how to set up and use different reports in QuickBooks Desktop with the help of QuickBooks Point of Sale Support Number to get a better understanding of your cash flow.

Basically, the amount of money moving in and out of your business and bank account is called cash flow. Users can use different reports and projections to get a clear look at their current and future businesses finances. Here’s what to do.

Know where you stand financially.

Step 1: You need to make sure your data is accurate.

When it comes to cash flow reporting, the first thing to do is make sure that user books are accurate. All reports will use your data in QuickBooks, so you want to make sure they have a clean starting point.

1. Users need to make sure that they’ve entered all their transactions into QuickBooks.
   • In case, if you’ve set up bank feeds, then they need to download their transactions and match them to their transactions in QuickBooks.
2. Users need to reconcile their accounts in QuickBooks and make sure they match your real-life bank and credit card statements. In case, if they need help reconciling their account, it’s a good idea to reach out to their accountant.

In case, if users reconcile report matches their bank statement, then they are ready to start running reports. In case, if they don’t match, here’s how to fix beginning balance issues in QuickBooks Desktop.

Step 2: You may use financial reports to see how much you’ve made.

Your profit and loss report and balance sheet report will show you how your business is doing based on your data in QuickBooks.

Run a profit and loss report :

User may run a profit and loss report for the past 3 months to get an understanding of your average income and expenses for each month.

1. First of all, navigate to the Reports menu, then Company & Financial.
2. Next, click & select Profit & Loss Detail.
3. Users may set the date range for the past 3 months. 
   1. Note: In case, if they want to change what appears on the report, select Customize Report and customize it based on the data you need.

4. Once user is done, then they can print, email, or export the report to excel.

When you look at the income, focus on the top sources of revenue. For expenses, pay attention to things like payroll, rent, insurance, and marketing expenses to see where you may be able to reduce spending.

How to run a balance sheet detail report.

As we know a balance sheet report gives a financial snapshot of your company as of a specific date. It also helps in calculate how much your business is worth (your business’s equity) by subtracting all the money your company owes (liabilities) from everything it owns (assets).

1. First, navigate to the Reports menu, then open Company & Financial.
2. Next, click & select Balance Sheet Detail.
3. Then click & select Customize Report and customize it based on the data they need.
4. Once user is done, then they can print, email, or export the report to excel.

How to optimize your cash flow.

Step 1: You can set up a cash flow projection.

By using your upcoming bills and cash on hand, users can see how your cash flow looks for the next six weeks by creating a cash flow projection.

Here’s how to create and modify a cash flow projection with the help of QuickBooks POS Support.

Step 2: You can identify your top selling items.

By using your company snapshot, users can see what their customers are buying the most. This will helps to focus on your top selling products or services.

In order to run a best-selling item report:

1. First, navigate to the Company menu, then click & select Company Snapshots.
2. Next, click & select Add Content, then select the right arrow.
3. Now users can find Best-Selling Items, select + Add.
4. Users need to double-click each product or service to see a detailed report.
   1. Note: In case, if users want to change what appears on the report, they need to select Customize Report and customize it based on the data they need. For example, user could set the date range to the last 30 days to see what’s selling most right now.
5. Once user is done, they can print, email, or export the report toexcel.

Step 3: You may see which customers have upcoming or overdue invoices.

By using automated invoice payment reminders, QuickBooks will help you to identify your customers with upcoming or overdue invoices. Once it’s all good to go, you’ll get a message that you have payment reminders ready to send. Then, you can review and approve them before they go out.

Step 4: You may see which bills you need to pay.

If users will use the bill tracker in QuickBooks, then they can identify their pending and unpaid bills. Then, they can pay them directly in QuickBooks.

Step 5: User may see where they can cut business spending.

By using their company snapshot, users can see what their top expenses are and see what they can do to reduce the spending.

In order to run an expense breakdown report:

1. First of all, navigate to the Company menu, then click & select Company Snapshots.
2. Next, click & select Add Content, then select the right arrow.
3. Users need to find Expense Breakdown, select + Add.
4. After that, click twice on any wedge on their expense breakdown to see a detailed report.
   1. Note: In case, if users want to change what appears on the report, then click & select Customize Report and customize it based on the data they need.
5. Once user is done, they can print, email, or export the report to excel.

Step 6: User may see their top vendors by expense.

In case, if cash flow is causing a delay in paying their vendors, then they may be able to negotiate the payment terms or delay paying bills until they have the cash. In QuickBooks, user can run a report to see the vendors with whom they spend the most.

Here’s how to run the report:

1. First of all, navigate to the Company menu, then click & select Company Snapshots.
2. Next, click & select Add Content, then click & select the right arrow twice.
3. Click & select + Add from Top Vendors by Expense.
4. Double-click any vendor on your expense report to see a detailed report.
   1. Note: In case, if user want to change what appears on the report, click & select Customize Report and customize it based on the data they need.
5. Once user is done, they can print, email, or export the report to excel.
   
   Seeking Inference :

We hope with the help of the above blog you will be able to know to know how to track your cash flow in QuickBooks Desktop. However, if you are still unable to track your cash flow to the QuickBooks for any reason, then give us a call on our Quickboooks tech support phone number for QuickBooks or speak with our techs online to get assistance. We remain committed to delivering the latest support and advice to our customers. You can still write to us via (support@quickbooksupport.net). You can also visit www.quickbooksupport.net for more information about QuickBooks.