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- Chart of Accounts (COA) – A categorized list of financial accounts (Assets, Liabilities, Equity, Income, Expenses) that organizes business transactions in QuickBooks.
- Profit & Loss (P&L) Statement – Shows business profitability over a period by calculating Revenue – Expenses = Net Profit (or Loss).
- Balance Sheet – Provides a financial snapshot at a specific time, following the equation: Assets = Liabilities + Equity to assess stability.
- QuickBooks Reporting – Helps track financial health by organizing transactions, running reports, and analyzing profitability and cash flow.