Seeking for the process to track your cash flow in QuickBooks desktop? If yes, then your search ends over here. This segment will brief you with the complete set of steps to track the cash flow in QuickBooks successfully. The cash flow is basically the amount of money moving in and out of the business and the bank account. In QuickBooks, one can use different reports and projections to get a clear look at the current and future business finances. Go through this segment with full concentration and unleash the complete set of steps to track your cash flow in QuickBooks desktop . Or you can also connect with our tech geeks and they will come up with the most effective set of steps for you.
Steps to track your cash flow in QuickBooks
Tracking cash flow in QuickBooks becomes easy using the steps discussed in below:Step 1: Ascertain that the data is appropriate
- Ascertain that you have entered all the transactions into QuickBooks
- In case you have set up bank feeds, then download the transactions and match them to the transactions in QuickBooks
- You need to now reconcile the accounts in QuickBooks and ensure that they match the real-life bank and credit card statements. In case you need assistance reconciling the account , then it is a good idea to reach out to the accountant.
Step 2: Use the financial reports to see the progress
Run a profit and loss report
- Move to the reports menu and then company and financial
- Choose profit and loss detail
- Set the date range for the past 3 months
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- If you want to change what appears on the report, then choose customize report and customize it based on the data you need
- After you are done, print, email, or export the report to excel
Run a balance sheet detail report
- This can be done by moving to the reports menu and then company and financial
- Heading forward, choose the balance sheet detail
- Furthermore, choose customize report and also customize it based on the data you require
- After you are done, make sure to print, email, or export the report to excel