27Sep 2010 by Nancy Smyth

QuickBooks 2011 – New Balance Sheet by Class Report – Part 5

QuickBooks 2011 - What's New?, Reports
The Balance Sheet by Class Report was first introduced with QuickBooks 2011, however, it is also available in QuickBooks 2012, 2013, and 2014; has specific requirements for handling many or our normal day-to-day transactions. it gives users the option of selecting “Classes” (fund, location, profit center, or other category) as their column/class grouping. Over the last several days, I’ve been discussing and sharing some information about how we all will need to change our data entry procedures in order to utilize the New Balance Sheet by Class Report available in QuickBooks 2011. In previous articles: QuickBooks 2011 – New Balance Sheet by Class Report – Part 1, we touched briefly on the fact that transactions will have to be entered in a very specific manner and there are many data…
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24Sep 2010 by Nancy Smyth

QuickBooks 2011 – New Balance Sheet by Class Report – Part 4

QuickBooks 2011 - What's New?, Reports
The Balance Sheet by Class Report was first introduced with QuickBooks 2011, however, it is also available in QuickBooks 2012, 2013, and 2014; has specific requirements for handling many or our normal day-to-day transactions; it gives users the option of selecting “Classes” (fund, location, profit center, or other category) as their column/class grouping. Over the last several days, I've been discussing and sharing some information about the limitations of the New Balance Sheet by Class Report available in QuickBooks 2011 which may make using this report unsuitable for some users. In previous articles: QuickBooks 2011 – New Balance Sheet by Class Report – Part 1, we touched briefly on the fact that transactions will have to be entered in a very specific manner and there are many data entry transactions…
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23Sep 2010 by Nancy Smyth

QuickBooks 2011 – New Balance Sheet by Class Report – Part 3

QuickBooks 2011 - What's New?, Reports
The Balance Sheet by Class Report was first introduced with QuickBooks 2011, however, it is also available in QuickBooks 2012, 2013, and 2014; has specific requirements for handling many or our normal day-to-day transactions; it gives users the option of selecting “Classes” (fund, location, profit center, or other category) as their column grouping.  This will enable QuickBooks users to perform divisional accounting with QuickBooks, which was previously impossible or required significant duplication of effort. While this report has been one that has been requested by many QuickBooks users and the accounting professionals who support them, it is not without limitations and drawbacks, making this a report that will be able to be used by some companies and in some instances but not all. In our previous articles, QuickBooks 2011 –…
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21Sep 2010 by Nancy Smyth

QuickBooks 2011 – New Balance Sheet by Class Report – Part 2

QuickBooks 2011 - What's New?, Reports
The Balance Sheet by Class Report was first introduced with QuickBooks 2011, however, it is also available in QuickBooks 2012, 2013, and 2014; has specific requirements for handling many or our normal day-to-day transactions. This will enable QuickBooks users to perform divisional accounting with QuickBooks, which was previously impossible or required significant duplication of effort. While this report has been one that has been requested by many QuickBooks users and the accounting professionals who support them, it is not without limitations and drawbacks, making this a report that will be able to be used by some companies and in some instances but not all. In our previous article, QuickBooks 2011 - New Balance Sheet by Class Report - Part 1, we touched briefly on the fact that transactions will have…
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20Sep 2010 by Nancy Smyth

QuickBooks 2011 – New Balance Sheet by Class Report – Part 1

QuickBooks 2011 - What's New?, Reports
The Balance Sheet by Class Report was first introduced with QuickBooks 2011, however, it is also available in QuickBooks 2012, 2013, and 2014; has specific requirements for handling many or our normal day-to-day transactions.  This will enable QuickBooks users to perform divisional accounting with QuickBooks, which was previously impossible or required significant duplication of effort. While this report has been one that has been requested by many QuickBooks users and the accounting professionals who support them, it is not without limitations and drawbacks, making this a report that will be able to be used by some companies and in some instances but not all. QuickBooks calculates the class allocations for the report each time you run the report. Because of this, you must enter transactions in a very specific way.…
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16Sep 2010 by Nancy Smyth

QuickBooks 2011 New & Improved Purchase Order Reporting

QuickBooks 2011 - What's New?, Reports, Vendors & Accounts Payable
First introduced in QuickBooks 2011, however, also available in QuickBooks 2012, 2013, and 2014; new and improved Purchase Order Reporting. The Open Purchase Orders Detail report is new in QuickBooks 2011 versions (Pro, Premier and Enterprise 11.0).  As the name implies, the report displays items (cost codes) that haven't been received in full. I'm excited to see that after many years, Intuit has finally fixed the Purchase Order reports to ACCURATELY display open balances, without a lot of additional manipulation by the user. To find the new report, from the Report menu in QuickBooks Pro and Premier 2011 and Enterprise 11.0 -> Purchases -> Open Purchase Order Detail. [caption id="attachment_982" align="aligncenter" width="297" caption="Right click on the image to enlarge it."][/caption] This report lists Purchase Orders by Items or Cost Codes…
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15Sep 2010 by Nancy Smyth

QuickBooks 2011 – New Sales by Ship To Address Report

Customers & Accounts Receivable, QuickBooks 2011 - What's New?, Reports
The Sales by Ship To Address report was first introduced in QuickBooks 2011, however, also available in QuickBooks 2012, 2013, and 2014.  As the name implies, this report will display Sales by Ship To Address. This report lists detailed sales information by ship to address.   To find this report, from the Report menu in QuickBooks Pro and Premier 2011 and Enterprise 11.0  -> choose Sales -> Sales by Ship To Address. [caption id="attachment_972" align="aligncenter" width="300" caption="Right click on the image to enlarge it."][/caption] The report initially shows a detailed listing of all items shipped to specific locations and then it includes a total for each unique address/city you ship to. The report includes invoices, credit memos, and sales receipts. It doesn't include statement charges, sales taxes, or reimbursed expenses. Each…
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14Sep 2010 by Nancy Smyth

QuickBooks 2011 – New Average Days to Pay Report

QuickBooks 2011 - What's New?, Reports
The Average Days to Pay report was first introduced in QuickBooks 2011, however, also available in QuickBooks 2012, 2013, and 2014 As the name implies, the Average Days to Pay Report shows you the average number of days that it took each customer to pay the invoices that you sent them. To find this report, from the Report menu in QuickBooks Pro and Premier 2011 and Enterprise 11.0 -> choose Customers & Receivables -> Average Days to Pay. [caption id="attachment_962" align="aligncenter" width="292" caption="Right click on the image to enlarge it."][/caption] The report lists all paid invoices and statement charges; grouped together by customer and job.  For each invoice (transaction) the report shows the number of days that it took the customers to pay the invoice.  QuickBooks will calculate the number…
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