Overview
Many small business owners and self-employed professionals struggle to keep personal and business finances organized. This makes it difficult to clearly see how the business is performing, prepare for tax time, or make informed decisions.
This article covers how to use our business-focused reports to help you understand exactly where your money is going and how your business is doing, and quickly generate profit and loss statements, tax reports, and balance sheets—so you always have a clear, current picture of your business’s financial health.
If you're looking for more information on personal-focused reports, please see our article about Using Reports in Quicken Simplifi.
Note: Forms 1120-S and 1065 are not currently supported for reporting.
To access reports in Quicken Business & Personal
To access the reports center, just hover over the left sidebar and click Reports.
Business reports available with Quicken Business & Personal
Quicken Business & Personal provides tailored business reports based on your business accounts and business categories, with the flexibility to select your preferred accounting method for reporting. Available reports include: Profit & Loss, Balance Sheet, and Taxes.
Profit & Loss
View your business's revenue, expenses, and costs over time. If you have multiple businesses added, you can review the profits and losses for each business individually or all together.
To customize the report, use the buttons in the upper-right corner of the report’s detail view, located beneath the graph.
Row: Choose from displaying accounts, categories, payees, or tags associated with a business.
Column: Break down results by time, business usage, account, payee, clients & projects, or just clients.
Interval: Change the time interval that is displayed in your reports. The intervals available are day, week, month, quarter, or year.
Balance Sheet
The Balance Sheet report shows what your business owns (assets) and what it owes (liabilities). This report helps you understand your overall financial position.
Taxes
This report displays the totals for your tax line items linked to your business categories over a period of time. If you have multiple businesses added, you can review the tax schedule for each business individually or all together.
To customize this report, use the buttons at the top to:
Choose to see either the Detail view or the Schedule C, E, F view.
Change what business to include in the report.
Choose a timeframe, like year to date, last month, last year, etc.
Apply filters such as categories, payees, tags, accounts, clients, and projects.
Selecting a business for a report
While accessing your business reports, you will see all your business data grouped together if you have multiple businesses added. You can set up your report to view data for one business, a mix of businesses, or all your businesses.
At the top of the business report, click the All Businesses dropdown box.
Deselect the businesses you do not want to review.
You can also include your personal finances in your Profit & Loss and Balance Sheet reports by clicking Personal.
Change the accounting method used in business reports
When viewing your business reports, you can choose which accounting method to use. You can switch between:
Accrual accounting – records income when earned and expenses when incurred.
Cash accounting – records income when cash is received and expenses when cash is paid.
In the upper-right corner of your business report, click the gear icon on the far right.
Click either Accrual basis or Cash basis under Accounting method.
Print a business report
You can print any report directly from the Quicken Business & Personal web app, giving you convenient access to hard copies of your financial information whenever you need them.
On the left sidebar, click Reports.
Select the desired report.
Click the printer icon in the upper-right corner of the report screen.
Note: You cannot print or export reports from the Quicken Business & Personal mobile app.
Access the business reports on mobile
Tap the Menu (three-line icon).
Tap the Reports dropdown and then select the desired business report.
Use the All Business/Personal dropdown at the top to select the data to display.
If you have any questions or need help creating your reports in Quicken Simplifi, please don't hesitate to reach out to our support team!