To complete this exercise, you must be in the Sample company. From your QBOA account, click on the Gear icon on the top right corner of the screen, then select Sample company.

Note that you will be logged out of your current account. If you are sure, click "Continue" to confirm. 

Now let's get started with the exercise. 

From the left navigation bar, click "Reports".

Intuit recommends that you always copy the included Management Report templates and then work from the copy, so that's what we'll do.

Click the "down arrow" in the Action column of the Company Overview report, then select "Duplicate".

Click the "down arrow" in the Action column of the newly created Company Overview-1 report, then select "Edit".

If any pop-ups appear, just click out of them.

In the Template name field, type "Company Overview-Investor".

In the Cover title field, type "Investor Report".

*Notice that when you click out of the field, the sample report on the right side will update to reflect this change.*

On the left side, click "Preliminary Pages" to add Craig's cover letter.

In the Page title field, type "Introduction".

In the Page content field, press the "Enter" key on your keyboard to add a blank line, then type "Dear Investor,".

*In a real life scenario, you would enter the full letter in this area.*

Click the dots (:::) and drag the Balance Sheet to the top of the list so it is listed first, then click the "Profit and Loss" row to open it for editing.

Click the "checkbox" next to Compare previous year, then click the open area in the row to close the editing window.

QuickBooks

QuickBooks is a widely-used accounting software developed by Intuit, designed to simplify financial management for businesses of all sizes. It provides a user-friendly platform for tasks like invoicing, expense tracking, payroll processing, and generating financial reports. QuickBooks automates many financial processes, making it easier for businesses to monitor their financial health, prepare taxes, and manage cash flow. With its various versions and integrations, QuickBooks caters to the needs of freelancers, small businesses, and larger enterprises, offering a flexible and comprehensive solution for efficient accounting and financial management.

app.qbo.intuit.com

fastandeasyqbo.com

Scenario: Craig's business is growing, and he would like to expand to another location. He thinks he needs some outside money to help him to do it. He met an investor who would like to see some numbers and have an initial conversation. The investor has asked for the Balance Sheet, P&L statements for this year compared to last year, and an Inventory Valuation Summary report.

Craig would like to include a cover letter and have everything packaged together in one PDF to send off to the investor.

4.8 Prepare Management Reports