With the new year well underway, it is time to assess where you are with your finances and consider where you’d like to be. If you’ve been able to use the guidance offered last month, your accounts receivable and payable should be up to date. As you may have discovered, running related reports in QuickBooks and communicating with your customers and vendors can go a long way toward meeting those obligations- but there’s more you can do to prepare for the coming year. For example: • If you’ve set sales goals, QuickBooks can help you track them. • If you are looking to bring in new customers, you can let them know what you can do for them and for how much in advance by brushing up on QuickBooks’ estimate tools. • Uncertain about the status of your inventory? QuickBooks can tell you what you need to know. Using as many of QuickBooks’ features as possible is a habit that can go a long way toward making 2023 a more productive and prosperous year than perhaps 2022 was. Are You Using QuickBooks’ Sales Tools? QuickBooks can help you look ahead by helping you look behind, primarily through its sales reports. One approach is to identify your best customers since they may be some of your best prospects for 2023. You’ll find this information by going to the Company Snapshot. Click Snapshots in the toolbar and make sure the Company tab is highlighted. Find the Top Customers by Sales chart and set the date range for a past period. Click the Customer tab for more information about historical sales. By Jim Fisher, CPA/PFS, CTC Use QuickBooks for a More Productive and Prosperous 2023 Figure 1: Your best customers may be the ones you already have. QuickBooks can help you identify them.
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