Small Business Owners - Your most vital reports?

[Mark Seeba]

Here are some thoughts:

1. Balance Sheet: An accountant told me it is important to pull this regularly to validate that your Assets = your Liabilities + your Equity It is also a great way to see what your assets are and you can take this at a snapshot back in time, like the end of last year.
2. Income Statement: Critical for planning. I pull this every quarter and use it just before the end of my fiscal year to decide what expenses I might want to incur before the end of this year or push into next year. Also, sometimes you can defer a large sale if you don't want the income this year and your client is agreeable to waiting until after the end of your fiscal year.
3. Receivable Aging: Critical report but also lacking in GNUCash because there is no report for unposted receivables. For unposted receivables you must list them under business, customer, find invoice and filter the list but that list cannot import into excel (all other reports can)
4. Payable Aging: Same receivable
5. Customer Report: Very important for tracking posted invoices. Again no way to access unposted invoices here and it is confusing if you have many outstanding invoices and only some are paid. It does not indicate which invoices are paid. Must do this the same way you pull unposted invoices and this cannot be extracted to spreadsheet easily.
6. Vendor Report: Same as customer report.
7. Transaction Report: You will need this at some point to extract records for whatever use you need. Can easily pull this data into a spreadsheet.
8. Tax Report: You need to make sure you set this up under Edit / Tax Report Options. If you are on top of your finances every few days, this will save you a ton of time at tax time.



Mark Seeba
MCSE: Communication
Streamwrite
Latest News: http://streamwrite.com/blog/ 
Direct: 510-923-9210
Fax: 510-420-4970
Service Desk: 800.333.8394 (Option 4)
www.streamwrite.com



This e-mail (including any attachments) may contain information confidential to ATI and is intended only for the use of the intended recipient(s). If the reader of this message is not the intended recipient(s), you are notified that you have received this message in error and that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this message in error, please delete this message and notify the sender immediately.

-----Original Message-----
From: gnucash-user [mailto:gnucash-user-bounces+mseeba=streamwrite.com at gnucash.org] On Behalf Of Lou
Sent: Friday, December 19, 2014 7:50 AM
To: gnucash-user at gnucash.org
Subject: Small Business Owners - Your most vital reports?

I must say, I have not been utilizing my financial reports in GnuCash.  
It has simply been a way to track everything for tax purposes.  Now that my business is growing, I'd like to hear from some of you more finanically savvy GnuCash business owners.

My request is two pieces of information.

1)  The type of reports.
2)  What you find useful about the report.

I think we can make a list that is useful to many others in the same boat.

Thanks in advance.

Lou
_______________________________________________
gnucash-user mailing list
gnucash-user at gnucash.org
https://lists.gnucash.org/mailman/listinfo/gnucash-user
-----
Please remember to CC this list on all your replies.
You can do this by using Reply-To-List or Reply-All.