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The Scorecard in QuickBooks Online – Tutorial

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The Scorecard in QuickBooks Online - Tutorial: A picture of the Scorecard in QuickBooks Online.

The Scorecard in QuickBooks Online: Overview

            The Scorecard in QuickBooks Online is one of the two graphs available. The Scorecard in QuickBooks Online will compare your business to other businesses in similar industries. This is helpful if you are new to your industry or simply are curious as to how your business is doing when compared to others.

            To access the Scorecard in QuickBooks Online, click the “Reports” link in the Navigation Bar. On the “Reports” page, enter the term “Scorecard” into the “Go to report” search box. Click “Scorecard” when it appears in the search list to open the page. The “Time Period” for this graph is the last 12 months. You will not be able to change the time period on this page.

The Scorecard in QuickBooks Online - Tutorial: A picture of the Scorecard in QuickBooks Online.

The Scorecard in QuickBooks Online – Tutorial: A picture of the Scorecard in QuickBooks Online.

            The only customizable option is the “My Peer Group” setting. On the right-hand side of the screen is a “My Peer Group” box that will display the type of industry you set up. To change the peer group, click the “Change” button to open the options. You can select the “Industry,” the “Sub Industry,” the “Location” of your business (the state) and finally you can set a specific “Annual Income” range using the slide bar. When you have made any changes, click the “Done” button to save your entries.

            The individual graphs on the page will display a comparison on “Net Profit Margin,” “Sales Growth” and “Cash Flow (quick ratio).” You can view graphs in regards to “Income” and “Expenses” by clicking one of the links at the top of the page. In the “Scorecard” graph, each section has a “more” link that will open more information about the comparison. After you have perused the information under the “more” link, click the “Scorecard” link to be returned to the main section of the “Scorecard” graph.

The Scorecard in QuickBooks Online: Instructions

  1. To view the Scorecard in QuickBooks Online, click the “Reports” link in the Navigation Bar.
  2. Enter “Scorecard” into the “Go to report” search box and press the “Enter” key on your keyboard.
  3. The time period for this graph is for the last 12 months and is not changeable.
  4. The only customizable option for this graph is the “My Peer Group” setting.
  5. To change the peer group, click the “Change” button to see the options.
  6. You can select the “Industry,” the “Sub Industry,” the “Location” of your business (the state) or choose an “Annual Income” range.
  7. Click “Done” to save your changes and update the graph.
  8. The page displays a comparison for “Net Profit Margin,” “Sales Growth” and “Cash Flow (quick ration)” for your company and the companies in your peer group.
  9. To view graphs on “Income” and “Expenses,” click one of the links at the top of the page.
  10. Each section has a “more” link that will expand the comparison information.
  11. To return to the main section from the “more” area, click the “My Scorecard” link.

The Scorecard in QuickBooks Online: Video Lesson

            The following video lesson, titled “Trends/Scorecard,” shows how to use the Scorecard in QuickBooks Online for 2015. This video lesson is from our complete QuickBooks Online training, titled “Mastering QuickBooks Online Made Easy v.2015.”

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