Question

In quick books please explain the following four questions:

1.Why would you want to create custom items?

2.Where do you use the custom items?

3.Why would you want to create a custom report?

4.What are the benefits of a customer report?

Answer 1

1. While most pf the business requirements are sufficed by the standard fields provided, but specific to a busines requirement there might be certain information which business wants to capture and hence we create custom items to capture such additional data or information, per requirement of business. These additional information might be very specific to the business organisation or the industry and is not generic in nature and hence not a part of standard item/field.

2. We use the custom items anywhere where we want to capture a piece of infiormation relevant for my business use or for the purpose of tracking, etc. It is basically at the place where we capture information/source fields, so that we can input the required custom information specific to my business requirement. Now since this custom item has some information, we may be drawing up some custom report to see such information captured in the custom item field.

3. A standard report might not be always very meaningful for an organisation or it might not provide all the required information the business wants at a place, or may be the business has to use two or more than two reports simultaneously to view the information they want. All of this can be pretty cumbersome, effort taking, time consuming and might result into errors due to manual effort involvement. Hence the need of a custom report comes up to add up an information not available, or to develop a new report altogether, which has all the information a business wants, or create a new custom report to add up the information stored in custom field, to teh standard report and display a custom report for a meningful business analysis/interpretation. The creation of a custom report purely depends on the business need/requirement.

4. The benefits of a custom report are many. It is basically the positives of the points discussed in answer 3:-

a. display meaningful business information

b. capture custom item information into the report

c. saving in manual efforts

d. saving in time by generating the required report in time

e. avoild manual errors