One of the main reasons I wanted to get Quickbooks was because of the reporting features of it. I use it for many other things as well, including keeping track of my expenses, handling my invoices, and just managing my money in a quick and easy, not to mention reliable, way overall. However, the ability to have all kinds of financial reports is what I really wanted. I had some initial trouble with it, so I had to call Intuit support for help, but it was definitely user error on that, and they were able to get me set up with getting the reports that I wanted.
The reason I needed reports was so I could follow trends. There is no better indicator of where a company is going wrong or doing well than specific reports for different areas of the company. Having an expense report or an income report is extremely valuable, and it allows the owner of a business to change things to make the numbers even better. It seems like it would be easy to tell where things need changed, but it is near impossible when it is not organized in a way that shows you clearly where you stand financially.
As soon as I was able to start compiling the reports, I saw several trends that I did not like. I suspected that there were a few areas that I was going to make changes, but there were quite a few that I was not even aware of until I saw it in full view in one report. I have made changes to my business because of this, and my profits are higher than ever because of it. Cutting out the waste is easy when you have a program like Quickbooks helping you out every step of the way.