by David Ringstrom,CPA
Creating financial statements from QuickBooks data can be a tricky endeavor. Yes, it’s easy enough to chooseReports, Company and Financial, and then Profit & Loss—as long as you don’t mind account numbers embedded into your P&L report. QuickBooks Premier Accountant Edition and Enterprise Solutions users have a built–in tool known as QuickBooks Statement Writer that allows deep integration between Excel and QuickBooks, as well as Microsoft Word. A third-party application called Excel FSM offers functionality similar to the QuickBooks Statement Writer to users of all versions of QuickBooks, both Desktop and Online. A fourth option is to roll your own financial statements in Excel without the benefit of any add-ons. In this article I’ll provide an overview of the pros and cons of each of these approaches.
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About the author:
David H. Ringstrom, CPA, heads up Accounting Advisors, Inc., an Atlanta-based software and database consulting firm providing training and consulting services nationwide. Contact David at firstname.lastname@example.org or follow him on Twitter. David speaks at conferences about Microsoft Excel and presents webcasts for several CPE providers, including AccountingWEB partner CPE Link.