Cash flow forecast is the fuel that keeps things going and your business growing, with QuickBooks Desktop you can effortlessly track your cash flow in QuickBooks desktop. This article is going to help you in setting up and how to use different reports in QuickBooks Desktop. Now you can understand your cash flow better.
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Steps to Track Your Cash Flow in QuickBooks Desktop
Step 1: Make sure that your data is accurate
- Ensure all your books are accurate.
- All the transactions entered in QuickBooks must make sense.
- Download bank transactions and tally them to your transactions in QuickBooks.
- Reconcile your transactions in QuickBooks and make sure that they match with your real-life bank and credit card statement.
Step 2: Use financial reports to check how much you have earned
- Open main menu, navigate to Reports and then choose Company and Financial.
- Select Profit and Loss Detail.
- To modify or customize anything click on Customize Report and make the required changes.
- After you’re done, you can export the report to excel.
Step 3: See which customers have upcoming or overdue invoices
QuickBooks has built-in automated invoice payment remainder. This feature identifies your customers with future or overdue invoices. Once set up, you will receive message that implies the payment remainders are ready to send. You can review and approve if the remainders are correct.
Step 4: Use Bill Tracker
QuickBooks Desktop has bill tracker which allows you to identify pending and unpaid bills. Pay directly through QuickBooks Desktop.
Reached the end of the solution and still unable to track your cash flow in QuickBooks desktop, well need not to panic, here we are to rescue you. Get in touch with our U. S. based accounting experts by means of our dedicated customer support line i.e. 1-800-615-2347.
Our technically sound QuickBooks desktop support team will ensure to clear all your doubts instantly and help you in tracking your cash flow.
