How do I generate a financial statement on Quickbooks?

Question

I have my own business and have applied for a line of credit from the bank. They have asked for a financial statement, but I'm not sure what that includes or how to generate one from Quickbooks 2002.

Answer 1

A financial statement generally includes a couple of different parts. On Quickbooks you will find the statments you need in the Company Section of Reports.

Go to reports, then open the section labeled as Company Financial - and print each of the following: 1) The Balance Sheet Standard and 2) the Profit and Loss Comparison YTD. After printing each report, modify the report dates. Change the year for each of the last few years. This will give you the profit and loss statements for the past few years. This should give a good idea of your present financial position and your last few years earnings.

Answer 2

Income Statement Quickbooks

Answer 3

This Site Might Help You.

RE:
How do I generate a financial statement on Quickbooks?
I have my own business and have applied for a line of credit from the bank. They have asked for a financial statement, but I'm not sure what that includes or how to generate one from Quickbooks 2002.

Answer 4

Quickbooks Income Statement

Answer 5

I work with QB 2002, and since it is an outdated version, you will not get much help from their 1 800 number or online.

I believe a financial statement shows all your income and expenses for a period of time (like 1 month or quarterly), including showing a profit. If you do this by QB, then make sure that you have recorded all deposits, employee's checks, income, material costs, etc... into QB for that time period. From the customer job list page, you go to reports, reports on all customers: jobs, profit & loss, then by job. You can modify the report to say what time period you want (ie this fiscal year) and change the columns to be a specific time or class (ie a month, or project).

You can also create your own by listing down all your expenses and income for a typical month. But that would be a lot of time to track those records. Just check the QB report with your checks/deposits or any other way you keep track of your records. (it's good to have a backup way.)

Answer 6

A financial Statement shows your complete transaction of company accounts. It consists of sales report, transaction reports, fund transfers, etc. Now, its easy to generate company financial report in QuickBooks. Visit http://quickbooks-support.supportforquickbooks.net/ to get complete information.

Answer 7

Go to reports-Company and financial and choose your report. They prob. want a P&L or a balance Sheet might work . There is even a net worth graph now in the new QB version.