Which two management reports in QBO are useful for planning purposes and assessing future profitability?
A)Accounts Receivable Aging and Accounts Payable Aging.
B)Income by Customer Summary,and Sales by Product/Service Summary.
C)Physical Inventory Worksheet and Transaction Journal.
D)Transaction Journal and Audit Log.

Question

Quizplus · Accepted Answer

Income by Customer Summary and Sales by Product/Service Summary are both useful reports for planning purposes and assessing future profitability. They provide information on sales trends, popular products/services, and profitable customers, which can aid in decision-making for budgeting and marketing strategies. The other reports listed do not provide as much insight into future profitability.

Which Two Management Reports in QBO Are Useful for Planning