Summary

All of the objectives for this chapter have been met. In this chapter, we explained the information you can find on the three primary financial reports: profit and loss, balance sheet, and statement of cash flows. We also showed you how to customize the reports and generate them. In addition, we showed you how to create a budget from scratch and run budget reports.

In the next chapter, we will show you what reports are available in QBO to help you stay on top of customers and sales.