QuickBooks users: it's time to move from tabular reports to visual dashboards

What's wrong with tabular reports?

In modern dynamic environment, it is very important to monitor all business processes in real-time to see how things are going and if there is a need to take some immediate actions or not.

The problem is that it is quite difficult to control and analyze everything when all important metrics are calculated separately and it takes a long time to understand if there is some correlation between them and what should be done next. If that is your case, then probably you are still using Excel as your main BI tool.
What's wrong with Excel? The answer is - nothing, but it is no longer considered to be a tool suitable for business intelligence purposes. During the last decade the way your work with data has changed significantly, modern tools like Tableau can help you not only to visualize data but to bring its interpretation into a new level. In fact, none of the chief executives of your company wants to spend hours trying to understand and analyze dozens of tabular reports to come up with a conclusion about what is happening with the company's expenses or what income can be expected in the next quarter.

Businesses use different types of apps that collect a huge amount of diverse data that should be properly monitored and processed. For example, QuickBooks® is very popular accounting software and you can't underestimate the importance of financial statistics. Visualization of the data from your QuickBooks® with the help of the Tableau dashboards will bring you the next profits:

  • simplify presentation of complex data and reveal the truth behind it

  • let you take prompt and effective decisions

  • provide answers for tough questions

  • save the time for setting new goals and planning company strategies

Why Tableau dashboards?

As was mentioned before, tabular reports aren't bad, however, they are more about calculating digits, when Tableau is about visualization of data that matters. Excel reports are massive and can contain lots of sheets; it is limited and static tool that isn't user-friendly. After moving your data from QuickBooks® to Excel, you just get the same digits but in another format. On the contrary, Tableau will visualize complex things in interactive manner which makes them easier and user-friendly, providing you with important insights.

Businesses are still using tabular reports just because people got used to them and aren't aware of modern BI tools. In fact, you'll make presentation or meeting with your boss or potential business partner much more informative and valuable with interactive dashboards that will help to see, explore and understand data trends, patterns and correlation. Tableau can visualize geographical statistics, work with big amount of data and combine several charts to show interactive dashboards. That is why it is worth trying Tableau dashboards, even if it is hard for you to start testing new things.

The most valuable dashboards you can create in Tableau using your QuickBooks® data to keep an eye on every financial detail:

  • Profit and Loss

  • Balance Sheet

  • Accounts Payable

  • Accounts Receivable

  • Actual vs. Budget

If you still doubt on abilities of Tableau, check out these stunning dashboards:
Profit and Loss
The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a fiscal quarter or year.
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Balance Sheet
Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a company's financial statements to make better managerial decisions to increase financial performance of company, to succeed in business environment.
Learn more
Accounts Payable/Receivable
By using the Payables Management dashboard, payables managers and analysts can analyze operational efficiency by monitoring invoice processing efficiency and by identifying outstanding invoices or recurring problems for particular operating units in the areas of invoice activity, payments, discounts taken, and holds.
Learn more
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