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Fundamentals of Financial Management, Concise Edition8th EditionEugene F. Brigham, Joel F Houston 799 solutions QUICKBOOKS PROADVISOR RECERT 2021 SECTION 21.In which 2 reports can you edit the section titles? 2.Which 2 statements are true about the new and improved QuickBooks Paymentsexperience? 3.Which 2 statements regarding signing up for QuickBooks Payments are correct? 4.How many custom charts can you add to the Performance Center in QuickBooksOnline?
5.Which 2 datasets can the custom charts in the Performance Center visualize? 6.When using the new Bill Pay powered by Melio feature, what is the charge forpaying vendors by credit card? Newly uploaded documentsEditor’s note: Accountants can now view the Performance Center for all of their QuickBooks® Online clients. Only clients using QuickBooks Online Advanced can access the Performance Center directly. By this time, we hope you’ve tried the latest QuickBooks Online Advanced features, including Custom Roles, Custom Fields, and Workflows. These are just the beginning of the advancements that will be made in QuickBooks Online Advanced, designed to serve the growing companies whose financial and operational needs are becoming more complex. These companies can align well with the 220,000 businesses that are considered mid-market in the United States, whose annual revenues are $500,000 to $20 million. Intuit® is making a serious commitment to helping these mid-market businesses understand how they are doing and how they can remain successful. Introducing the Performance CenterFirst, let’s discuss the value of performance. What is business performance, and how do you best visualize this performance? It’s rather simple to understand: business performance reporting is viewing how an organization is progressing. When you add certain comparative components and summaries to performance, you begin to see things you’ve never seen before. That’s what the QuickBooks Online Performance Center does – comparing data and summarizing key financial information to transform you and your clients’ understanding of data. Why are comparisons and summaries important? A human can only perceive a certain amount of information at any one time, and when it comes to financial information, the ability to take in large blocks of information is further limited by its complexity, or by a client’s inability to read financial information. To aid our clients in perceiving their business’ performance more accurately, accounting advisors help their clients compare and summarize:
Complexity always makes it harder to see the results of performance. That’s why Intuit’s® Comparisons and Summaries – found in the Performance Center – are key to your client’s awareness of their next steps to take to transform their organization. How to use Performance CenterTo find the Performance Center, go to Reports > Performance Center. The Performance Center comes pre-built with charts and widgets that create comparisons and summaries. To get started, you can watch a three-minute how-to video made by the QuickBooks team, and then take an hour to play around with the charts and widgets, checking out the enhancements and awareness you can bring to your client’s financial data. The charts are generated for your client automatically in QuickBooks Online Advanced, but you’ll want to adjust them to make the most sense of the data. To see how to build your own chart inside QuickBooks Online Advance, watch the video below: Here are a few reports we like to make immediately, when putting a client on QuickBooks Online Advanced:
To give your clients better insight into how they are performing against their peers, Intuit has also released industry benchmarks. Industry benchmarks let you compare your clients’ gross and net profit margin to their business peers. By setting their industry in the Performance Center, QuickBooks will aggregate data from at least 30 similar businesses in a similar location and revenue range. This data is updated on a monthly basis, so that you can see how they’ve been trending and set goals to reach over time. Let us know how you are using the Performance Center, and what tips and tricks you’ve discovered as you’ve shared it with your clients. Which 3 metrics can you use to create a custom chart in the performance center qbo?You can make charts to track these metrics: Expenses. Revenue. Gross profit.
What does the performance Centre allow you to create in QBO?New Performance Center
You will be able to add KPIs to your dashboard that matter the most to you, and also other reports that you want to see, as well as benchmark your data against past periods or the same period last year.
Which 2 user types can access the performance center in QBO?Only clients using QuickBooks Online Advanced can access the Performance Center directly.
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