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Unless you’re an expert in the QuickBooks software, you probably don’t spend a lot of time exploring all the different features it has to offer, but instead probably focus on what you need to get done with it so that you can move on to the next task. However, what you may not realize is that it can actually save you more time and benefit you more by learning certain features in QuickBooks that are available. This is the point that underlines Gale Kirsopp’s upcoming session at QuickBooks Connect “Mastering QuickBooks in-Product Reports” where she teaches attendees who are familiar with QuickBooks reporting all about the reporting component in QuickBooks and how understanding it and using it will make your reports better than using the QuickBooks standard report button.
Gale was named an Intuitive Accountant Top 100 ProAdvisor for 2014, is an Advanced Certified ProAdvisor and the CEO and owner of her firm Kirsopp Consulting, LLC. She has has worked for over 16 years as an accountant and consultant, and has spent many of those years showing her clients how they can extract meaningful information from reports in QuickBooks in order to use that information to gain valuable insight into their business. Gale also has 20 years of experience as a national and international speaker and QuickBooks trainer and has presented at Scaling New Heights for the past four years.
When asked to explain how the reporting component of QuickBooks is more useful than the standard report button and why this type of session should be taught, Gale said,
“Because you can truly get the information that you want. I have seen people create two or three reports and export them into Excel because they think that’s the only way that they can get back the information that they’re looking for. Versus being able to create that report as they want it right within QuickBooks.”
She then went on to say:
“By using the QuickBooks component instead of the standard report button they’ll benefit by:
- Saving time
- Having fewer errors or no errors (If you’re having to export things into Excel in order to merge Excel files when you get your information, the likelihood of there being any kind of error during the process is pretty significant)
- Being able to gain richer information for their business.”
To explain the last benefit further Gale gave an example.
She said, “A type of standard report that most people do is a profit and loss report. When you use the standard report button all you’re going to see in that report is that you’ve made 50,000 dollars in revenue last month, but that doesn’t really give you a lot of information. You need to know what products or services generated that revenue because that’s what’s really important. Do you have products on your shelf that you didn’t sell any of last month? Well you need to get rid of them because if you’re not selling them they’re taking up shelf space and they’re taking up inventory dollars. But you can’t see that information from a standard profit and loss report. The profit and loss is just telling you ‘okay you brought in 50,000 dollars of revenue. So the reports that most people know how to push the button and run (that they feel are giving them insight into their business) are not giving them in depth information that they can really run their business with. And that’s why knowing about the reporting component of QuickBooks and how to use it really matters.”
This session will also be extremely valuable and beneficial to accounting professionals and ProAdvisors to attend because it will deliver very practical information you will be able to use this information to help your clients. When asked what she wants attendees to receive from her session, she said “The biggest thing that I want them to do is walk out with useable information. So the information that I give them is practical in the sense that they can walk out of the class after it’s over and put it into operation literally that afternoon.”
The three main takeaways a ProAdvisor or an accounting professional will receive by attending this session will be:
- Better understanding of what can be done with reports
- Best practices for generating reports
- Useful and applicable information
Attendees will also benefit from attending this session not only because they’ll be able to learn a wealth of information in a few hours that they can use with their clients or for their own businesses, but also because they’ll be shown how to use the reporting component of QuickBooks from the start. Gale said:
“This class will be taught in product. I will have QuickBooks 2015 open and we will be going through the product step by step so that attendees can actually see exactly how to do each of the things that we will cover.“
Attendees who care about having a speaker with passion for what they do will also enjoy Gale’s session because she is a woman who is very passionate about not only helping her clients gain rich information from their reports to help their business, but who also enjoys teaching others how they can help their own clients. She said, “Think about this: If we all spent less time thinking about ourselves and spent more time thinking about how we could share with other people to help them. Think what a wonderful place this world would be. These are things that I’ve spent hours and hours digging around the software trying to figure out to make a better mousetrap to help the client. So why shouldn’t I share that with others? It’ll save them time and our clients are so much better off.”
Whether you have a personal interest in creating better reports to help your business or you have a strong desire to help your clients, the information in Gale’s session will help you get that much closer to fulfilling your goals.