New Reports Feature: Company Snapshot

qbosnapshotincomeqtrlyQuickBooks Online has an extensive set of reports ranging from traditional financial statements like the Income Statement and Balance Sheet to detailed transaction-level reporting.  These reports are primarily designed to help businesses and their accountants with tax preparation, reporting, and audits.  One of the newest features we’ve added to QuickBooks Online is the Company Snapshot, which uses the same financial data that these reports offer but displays it in a more intuitive visual layout.  The goal of the Company Snapshot is to help business owners get a quick view of their businesses finances in a way that helps them save time and make business decisions.
The Company Snapshot displays your company’s revenues and expenses in year over year comparisons, breaks down data in a pie chart format, and even pulls data from your accounts receivables to show which customers owe you the most.  One of my favorite parts of the Company Snapshot is the monthly expense comparison shown below, which displays each month’s expenses with a year-over-year comparison.  This chart is a great way to understand how your company’s total costs are trending overtime and judge your success in keeping expenses down.  This is actually similar to what I used to do in Excel to understand expense trending, but now have no need for it because I can see it in the reports section.
The Company Snapshot isn’t a replacement for financial statements—it’s a different view of the same data, making it easy to make monthly and yearly comparisons.  Let us know what you think or if there is any other data you’d like to see in this graphical format.

QuickBooks Online has an extensive set of reports ranging from traditional financial statements like the Income Statement and Balance Sheet to detailed transaction-level reporting.  These reports are primarily designed to help businesses and their accountants with tax preparation, reporting, and audits.  One of the newest features we’ve added to QuickBooks Online is the Company Snapshot, which uses the same financial data that these reports offer but displays it in a more intuitive visual layout.  The goal of the Company Snapshot is to help business owners get a quick view of their businesses finances in a way that helps them save time and make business decisions.

The Company Snapshot displays your company’s revenues and expenses in year over year comparisons, breaks down data in a pie chart format, and even pulls data from your accounts receivables to show which customers owe you the most.  One of my favorite parts of the Company Snapshot is the monthly expense comparison shown below, which displays each month’s expenses with a year-over-year comparison.  This chart is a great way to understand how your company’s total costs are trending overtime and judge your success in keeping expenses down.  This is actually similar to what I used to do in Excel to understand expense trending over time, but now have no need for it because I can see it in the reports section.

The Company Snapshot isn’t a replacement for financial statements—it’s a different view of the same data, making it easy to make monthly and yearly comparisons.  Let us know what you think or if there is any other data you’d like to see in this graphical format.

YOY- Expense - Quaterly

YOY- Income - Monthly

Will Hambly

About Me: I am on the QuickBooks Online product marketing team and like to drink good coffee, go running, and play guitar.

Explore posts in the same categories: Features, Reporting

8 Comments on “New Reports Feature: Company Snapshot”

  1. James B. Says:

    Those graphs look like they’re Flex.

  2. Shellie Gallegos Says:

    One problem is the snapshot is only good for the calendar year Jan-Dec. Our fiscal year is Oct-Sept so it does not work for us.


  3. We wish that QuickBooks Online Plus could tab over sub-accounts in the Account List report.

    We wish that the Company Snapshot would work for all of our clients. It seems to be a mistery that Intuit Engineers still can’t resolve. Hopefully 2010 brings them the answer.

    • Gail Simpson Says:

      I was just getting into the data comparing 08-09 and creating some charts of my own, and in January 2010, 08 disappeared. WAAAAAAAA!!! Please, please, please, multiple years…


  4. Seems kind of silly to promote your snapshot program WHICH DOES NOT WORK since the last update. I have called and written to complain and to-date (01-04-2010 it still is NOT WORKING. When will it work properly? If it cannot be fixed then it should be REMOVED.

  5. Lisa Says:

    The company snapshot does not print the company name. Is there any way to format the report to include it?


Comments are closed.


Follow

Get every new post delivered to your Inbox.

Join 3,033 other followers