17 Nov Graphs Overview
Technological advances have made graphical presentation common, where it was “cutting edge” just a few years ago. The age-old phrase that a picture is worth a thousand words is especially true for accountants and non-accountants alike. Most of the current accounting software programs have the ability to create graphs. QuickBooks is no exception. From the standard graph, it is possible to double click on a column or amount to see a more detailed graph, and double click again to see a report of the actual transactional detail that was used to create the report.
If something does not look right, it is then possible to double click on the amount to see the actual transaction. If the graph that is desired is not available within QuickBooks, the data can be created as a report and then manipulated in Excel.
QBRA-2002: Reports > Company & Financial > Income & Expense Graph
QBRA-2002: Reports > Company & Financial > Income & Expense Graph > Double click on an expense bar part of the graph
TIP: If a graph is to be included with the financial statements, remember to include it as supplemental information in the Accountant’s Report. If the graph is presented to the client alone, the standard Income & Expense graph shown above does not include enough information to generally be considered a financial statement (i.e. the only dollar amount shown is for total expenses) so an Accountant’s Report would not be required. As always, however, professional judgment and legal advice should determine the correct treatment in specific situations.