Having access to reports that will give you a detailed insight into what your expenses are, who you are paying, and the amount paid to each vendor will help you to control expenses and maintain a profitable business. There are a number of reports in QuickBooks Online (QBO) that will give you insight into the money you owe to vendor suppliers and other creditors.
We will dive into the information you can expect to find on each report, how to customize the report, and how to generate reports. We will also discuss ways you can use reports to help you manage your expenses and cash flow. I recommend you run these reports and review them on a weekly basis. Having access to this information will help you to manage your cash flow and stay on top of the money that goes out of your business.
In this chapter, we will focus on the following key reports:
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