Financial reporting 101: increasing profitability | Grow Your Business with Hector Garcia
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Financial reporting is an integral part of running and operating a successful business. It provides important information and metrics about your financial performance over time and helps increase profitability.
Let’s take a closer look at the importance of financial reporting, including key types of financial reports, why financial reporting is important to you and your business, and real-world examples of how you can leverage financial reporting. After all, when it comes to making financial decisions, hard data can help you remain objective in keeping your growing business profitable.
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0:00 - Introduction
0:50 - Turning data into wisdom
1:57 - The importance of tracking profitability
2:43 - P&L reports
3:22 - Custom reporting with QuickBooks Online Advanced
3:58 - Summary/Outro
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