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QuickBooks Income Statement Guide

The document outlines various questions and steps related to creating and modifying income statements in QuickBooks Accountant. It covers preset formats, time periods, and detailed procedures for generating and customizing reports, including comparative information. Additionally, it discusses features like QuickZoom and report modification options available in QuickBooks Accountant.

Uploaded by

Julie Ann Bon
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© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
4 views4 pages

QuickBooks Income Statement Guide

The document outlines various questions and steps related to creating and modifying income statements in QuickBooks Accountant. It covers preset formats, time periods, and detailed procedures for generating and customizing reports, including comparative information. Additionally, it discusses features like QuickZoom and report modification options available in QuickBooks Accountant.

Uploaded by

Julie Ann Bon
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Chapt

er3

Quest
ions

[Link]
statl
eastt
hreepr
esetf
ormat
sthatQui
ckBooksAccount
antpr
ovi
desf
ori
ncome
st
atement
.

Thepresetformatst
hatQui
ckBooksAccount
antpr
ovi
desf
ori
ncomest
atement
sar
e
Standar
d,detai
l,
andYTDcompar i
son.

2.I
dent
if
ythedif
fer
entper
iodsoft
imet
hatQui
ckBooksAccount
antpr
ovi
desf
oran
i
ncomestat
ement.

Day
,week,
two-
week,
mont
h,quar
ter
ly,
andy
ear
ly.

[Link]
ibet
hestepsnecessar
ytocreat
eani ncomest
atementf
oraper
iodot
hert
hanone
endi
ngonthecomputerscurr
entsyst
em date.

[Link]
ts

[Link]
inanci
alt
ab

[Link]
ndt
hepr
ofi
t&l
ossst
andar
drepor
t.

[Link]
hef
rom dat
e,andt
het
odat
e.

[Link]
bethest
epsnecessar
ytogener
ateani
ncomest
atementi
nQui
ckBooks
Accountant
.

[Link]
ibet
hest
epsnecessar
ytocr
eat
east
andar
dincomest
atement
.

I
ncr
eat
ingast
andar
dincomest
atement
:

[Link]
hef
il
e.

[Link]
er,cli
ckstandar
dtab,andthencli
ckCompany&
Fi
nancial
,andthendoublecli
ckProfi
t&[Link]
hedat
e,t
hen
cl
ickr
ef r
esh.

[Link]
ickCust
omizer
eport,
cli
ckHeader
/Foot
ert
ab,andthenuncheckt
heDate
Pr
epared,
TimePrepar
ed,andRepor
tBasi
scheckboxesandthencl
ickok.

[Link]
i
ckCol
l
apsebut
tont
ovi
ewt
hei
ncomest
atement
.

6. Descr
ibethestepsnecessar
ytomodi
fyani
ncomest
atementsot
hati
tincl
udes
compar at
ivei
nformat
ion.
St
epsnecessar
ytomodi
fyani
ncomest
atementt
hati
ncl
udescompar
ati
vei
nfor
mat
ion:

[Link]
om ther
epor
tcent
er,
cli
ckCompany&Fi
nanci
al,
andt
hendoubl
ecl
i
ck
Pr
ofi
tandLossSt
andar
d

[Link]
hedat
e,cl
i
ckcol
l
apseandt
hencl
i
ckr
efr
esh.

[Link]
i
cktheCust
omi
zeReportbutt
on,andthencheckt
hePr
evi
ousPer
iod,
$Change,
and%Changecheckboxes.

[Link]
ickt
heHeader/Footert
ab,
andthenuncheckt
heDat
ePr
epar
ed,
Time
Pr
eparedandReportBasi
scheckboxes.

[Link]
henameoft
heSt
atementf
rom Pr
ofi
t&Losst
oCompar
ati
ve
I
ncomeStat
ement

[Link]
ckZoom hel
pyouf
urt
heri
nvest
igat
eani
ncomest
atement
?

Ithel
pstoexamineunderl
yi
ngsourceofabusinessev
entandcanbeusef ult
o
dri
l
l downbehindthei
ncomestatementtovi
ewtransacti
ondetai
lbyaccountr
eportand
fur
thertoaninvoi
ceorthesourcedocument.

[Link]
damanageruseQui
ckZoom t
oaccessunder
lyi
ngi
nfor
mat
ionasr
epor
tedi
n
ani
ncomest
atement
?

Manager
scanuseQui
ckZoom t
olookatanypay
mentt
hatwasmadewi
thi
nwhat
ever
dat
etheywant
ed.

[Link]
stfiver
eportmodif
icat
ionf
eat
uresofQui
ckBooksAccount
antt
hatcanbeappl
i
edt
o
anincomestatement.

 Toaddper
cent
ageofneti
ncomecol
umns

 Tochanget
hedat
esonani
ncomedat
esonani
ncomest
atementr
epor
t

 Tor
epor
ttheamount
swi
thoutcent
s

 Tomodi
fyt
het
it
leandi
tsl
ayout

 Tor
educet
hef
ontsi
zeoft
het
ypei
nar
epor
t

[Link]
oumodi fyani
ncomestat
ementtoi
ncludeacolumndescr
ibi
ngt
he
per
cent
ager
elat
ionshi
pbet
weenexpensesandt
otalrev
enues?

 Repor
ts
 Company&f
inanci
alt
ab

 Fi
ndt
hepr
ofi
t&l
ossst
andar
drepor
t.

 Cust
omi
zedr
epor
t

 Cl
i
ckdi
spl
ayt
ab.

 Checkt
heboxes%ofi
ncomeand%ofexpenses.

 Cl
i
ckok.

Mat
chi
ng

i
. Todat
e–t
heendoft
her
epor
ti
ngper
iod.

f
. Di
vi
deby1000–whensel ectedi
nthemodi
fyr
epor
twindow,
thi
scheckbox
r
equi
resQuickBooksAccount
antt
orepor
tamount
sint
housands.

h. Pr
evi
ousperi
od%change–addsasubcolumntoaprofi
t&l
ossrepor
tthat
cal
cul
atesherel
ati
veper
cent
agechangei
neachi
tem f
rom apr
evi
ousper
iod.

j
. Fr
om dat
e–t
hebegi
nni
ngoft
her
epor
ti
ngper
iod

b. Prof
it&Lossstandar
drepor
t–af inanci
alstat
ementr
epor
ti
ngt
her
evenuesand
expensesofabusinesf
oraspecif
icaccounti
ngperiod.

g. Pr
eviousper
iod$change–addsasubcolumnt oaprofi
t&lossr
epor
tthat
cal
cul
atestheamountofchangeineachi
tem f
rom apr
eviousper
iod.

a. Dat
eformats-apref
erenceopt
iont
hatspeci
fi
eswhet
hery
ear
sindat
efi
eldsar
e
shownastwodigi
tsorfourdi
git
s.

d. QuickZoom –afeatur
einQuickBooksAccount
antt
hatal
l
owsy
out
ovi
ewt
he
tr
ansact
iondetai
lsunder
lyi
ngamountsinar epor
t.

e. Wit
houtcent
s–whenselect
edinthemodi
fyr
eportwi
ndow,thi
scheckbox
requi
resQui
ckBooksAccount
antt
oroundamount
stothenear
estwholedol
l
ar.

c. %ofincome–whensel
ect
edint
hemodifyrepor
twindow,thi
scheckbox
requi
resQui
ckBooksAccount
antt
oaddacol
umnrepr
esenti
ngthepercent
ageofeachit
em
comparedtotot
alrev
enue.

Assi
gnment
s

2.

[Link]
s,Benj
ami
n
B.I
nvoi
cenumber12

[Link]

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