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Screenshot displaying the Dashboard, Profit and Loss report, Balance Sheet, and Cash Flow statement in QuickBooks Online for high-level book review.

Ask AI: which 4 sections of the overview screen can help you perform a high level review of their books on QuickBooks online?

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Question: which 4 sections of the overview screen can help you perform a high level review of their books on QuickBooks online?

Asked by jacqueline1

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In QuickBooks Online, the following four sections of the overview screen can assist you in performing a high-level review of your books: 1. **Bank Accounts**: - This section provides insights into the balances and activity of your connected bank accounts. You'll be able to see the current balance in QuickBooks versus the bank balance, which can help identify any discrepancies that might need to be reconciled. 2. **Profit and Loss**: - The Profit and Loss section gives a summary of your income, expenses, and net profit over a specified time period. This snapshot helps you quickly understand your business’s profitability and financial health. 3. **Invoices**: - The Invoices section shows a summary of your open (unpaid) invoices, overdue invoices, and paid invoices. Monitoring this area helps ensure your cash flow is healthy by tracking money that is owed to you. 4. **Expenses**: - This section outlines your business expenses, categorized and broken down to help you understand where your money is going. It helps in managing and controlling business costs. These sections collectively offer a high-level overview of your financial position, helping you to quickly assess and manage your business's financial health.

Answered by gpt-4o

June 25, 2024, 6:47 a.m.

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This article was generated in part by one of OpenAI’s large-scale language-generation model, answering user jacqueline1's question. Images were generated with OpenAI's AI model, DALL·E 2. The Internet takes ultimate responsibility for the content of this publication.
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Published: Tuesday, June 25, 2024

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