#Copy log template install#

The final bit is to calculate your Variance Snapshots.

Once done, make sure you change the index to reference the correct row index for your account names.

Then, do that everywhere you find the Balance Sheet by Month, Profit & Loss by Month and Cash Flow by Month in the formula.

In our example, the sheet tab is named Balance Sheet by Month, so all you have to do is to rename those to your own names, and then take the name you added and add replace that in the 'Balance Sheet by Month' string.

Now, replace the value inside the quotation marks identifying your Balance Sheet.

You can copy and paste this formula from the template:

Then you need to specify the row index of the value to be returned and set up the status as FALSE to get an exact match returned. This formula will grab your month as a search_key and then will look at the entire account & month range from the Balance Sheet. It searches across the first row of a range for a key and returns the value of a specified cell in the column found. There you will find “ Horizontal LOOKUP (=HLOOKUP)”. Click on a numerical value in the original Flash report tab and find the formula in C6 of Balance Sheet. Paste these months’ names for your reports. Then choose the months you want to compare, for example, March 2022 to March 2021. Now, copy and paste essential Account Names from your Chart of Accounts from Profit & Loss, Balance Sheet and Cash Flow into your own Flash Report tab.Profit & Loss report instantly imported from QuickBooks Online with LiveFlow Import your Profit & Loss, Balance Sheet and Cash Flow reports to your spreadsheet.

#Copy log template install#

Install LiveFlow Google Sheets Add-on to automatically bring your QuickBooks reports into Google Sheets without any manual work.This is your playground to set up your own Flash Report. ‍ How do I build a Flash Report for myself? To create a Flash Report, you will use Profit & Loss, Balance Sheet and Cash Flow reports from QuickBooks Online. A variance snapshop to understand whether you’re on or off plan.Ĭheck the webinar with a step-by-step video instruction here starting from 57:28 min.A summary Cash Flow analysis to monitor your Beginning and Ending Cash and Cash Burn.A summary overview of the Income Statement/P&L to monitor your Revenue, Cost of Goods Sold, Operating Expenses and Net Income or Loss.A Balance Sheet snapshot to monitor your assets and liabilities.The Flash report consists of 5 different areas: ‍ What’s included in the monthly flash report? This report was first presented by GrowthLab’s Director of Corporate Development & Strategy Korey Cournoyer during The Appy Hour Webinar hosted by certified QuickBooks ProAdvisors Liz Scott and Heather Satterley. It’s is the tool you can use to prevent problems ahead of time and make your company more successful.īelow you will find a Flash Report template developed by GrowthLab Financial, a Finance as a Service company that serves Founders and Management Teams with Financial Planning & Analysis, Bookkeeping, Accounting, Virtual CFO, and Tax Advisory & Planning Services. C-suite and Business Owners, in their turn, can compare their performance month-to-month, same period last year, or each individual month this year to last year.įlash Reports are irreplaceable to spot threats and opportunities for companies of all sizes. Bookkeepers, Accountants, CPAs as well as Fractional CFOs become better advisors to their clients and save hours of time of manual work with Flash Reports.