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Other accounting statements
ОглавлениеYou can probably come up with examples of several other popular or useful accounting reports. Not surprisingly, a good accounting system such as QuickBooks produces most of these reports. One very common report or financial statement, for example, is a list of the amounts that your customers owe you. It’s a good idea to prepare and review such reports on a regular basis to make sure that you don’t have customers turning into collection problems.
Table 1-9 shows how the simplest sort of accounts receivable report may look. Each customer is named along with the amount owed.
TABLE 1-9 An Accounts Receivable Report at End of Day
Customer | Amount |
---|---|
W. Churchill | $45.12 |
G. Patton | 34.32 |
B. Montgomery | 12.34 |
H. Petain | 65.87 |
C. de Gaulle | 43.21 |
Total receivables | $200.86 |
Table 1-10 shows another common accounting report: an inventory report that the hot dog stand may have at the start of the day. An inventory report like the one shown in Table 1-10 probably would name the various items held for resale, the quantity held, and the amount or value of the inventory item. A report such as this one is useful for making sure that you have the appropriate quantities of inventory in stock. (Think of how useful such a report would be if you really were planning to sell thousands of hot dogs at major sporting events in your hometown.)
TABLE 1-10 An Inventory Report at Start of Day
Item | Quantity | Amount |
---|---|---|
Kielbasa | 2,000 | $900.00 |
Bratwurst | 2,000 | 1,000.00 |
Plain buns | 2,000 | 500.00 |
Sesame buns | 2,000 | 600.00 |
Total inventory | $3,000.00 |