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Note: Most of these reports are duplicates of the monthly reports. Some people like to run them to have a quarterly view of their business.
Wait until all entries are made for the quarter. The 1st quarter reports can’t be printed until all the bills (phone bill, credit cards, etc.) are received or accrued. This is usually sometime toward the end of month following the quarter.
After all entries have been made for the quarter, we recommend that you run these reports:
Profit & Loss [Spreadsheet]
Balance Sheet
Receivables Reconciliation [Summary]
Payables Reconciliation [Summary]
Trial Balance [Summary]
Note: Depending upon the amount of tax you withhold from your employee paychecks, you may be required to report and/or remit money to the government according to the schedule sent to you by both federal and state authorities. For help in preparing remittance reports, see:
Payroll Tax Reporting and Deposits
Note: Once you settle on the list of reports you like to run every month, consider creating a report batch for them. Refer to What’s a Report Batch? for more information.