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. 

From the left navigation bar, click "Reports."

The Balance Sheet is a very popular report, so it's already marked in the Favorites section. Click "Balance Sheet". 

*Alternatively, you could  find and click "Balance Sheet" in the Business overview section.*

And that's it! In the top section, notice the balances of each of Craig's bank accounts. "Accounts Receivable" is the amount of money his clients currently owe him. In this section, you can also see the value of Craig's inventory and his truck.

In the bottom section, you can see how much money he owes other people.

You could present this report to Craig as is, or you could customize it in many ways. Learning how to customize reports, as well as how to use the other reports provided with QBO, is covered in our basic level certification course. [Click here to find out more](https://fastandeasyqbo.samcart.com/products/fast-easy-qbo-certification).

This exercise is part of the Fast & Easy QBO Starter Kit. [Click here to purchase and find out more!](https://fastandeasyqbo.samcart.com/products/starter/)

Want to follow along? [Click here](https://youtu.be/VAlGs3YRbVw) for our video walk-through.

Questions/Problems/Concerns?[ Send feedback](https://www.bookwidgets.com/play/k6rmQMKk-iQAEzXMdagAAA/BEXUQBE/feedback-scrib?teacher_id=6434462993219584).

Fastandeasyqbo

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

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Scenario: Craig would like to see how much his business is worth right now. This should include all the money he has in his accounts, as well as the value of any assets he owns (like his inventory and his truck), how much money his clients owe him, and what he owes to other people.

This can all be seen on the "Balance Sheet" report. 

Let's see how to create one for Craig.

GS.4.2 Create a Simple Report

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