You can choose to import classes during the import process, and you can also import classes for companies that are already present in the platform. You then have flexibility to re-order and re-classify accounts, as well as create custom sub-headings and account groupings for reporting purposes. If you have multiple entities, you can also copy these custom configuration settings across to other entities.
- By customizing reports and utilizing advanced calculations, metrics, and interactive dashboards, you can gain deeper insights and make data-driven decisions.
- Making it easy to get started, stay connected and get more out of your financial data.
- Now that we’ve covered the process of creating and customizing Fathom reports, let’s move on to the next section and explore how you can share these reports with others.
- You may have unclassified data in Fathom if there is data in your financials that has not been attributed to a class or location or if you have parent and child classes in QuickBooks.
FINANCIAL ANALYSIS SOFTWARE
Once you’ve customized the report to your satisfaction, you can save it for future use or generate it instantly to view the results. Companies on Portfolio and Fathom Pro plans can trigger a manual update of their QuickBooks Online company at any time from the My Companies page. All companies on a Fathom Pro or Portfolio plan can be seen on the Insights Dashboard. For companies on a Portfolio plan, the Insights Dashboard is where you can access most of the functionality. Spreadsheet Sync lets you pull current QuickBooks Online Advanced data into a formatted spreadsheet and create pivot tables you can segment with slicers.
By leveraging Fathom Smart Reporting, you can go beyond traditional financial reports and dive into the details that truly impact your bottom line. By integrating seamlessly with QuickBooks Online Advanced, Fathom Smart Reporting empowers users to effortlessly access and analyze their financial data. It offers a wide range of reporting options, including customizable reports, dynamic dashboards, and interactive visualizations. By leveraging these sharing options, you can ensure that the right people have access to the relevant financial information. Sharing Fathom reports promotes transparency and collaboration within your organization, allowing everyone to stay aligned and make informed decisions based on the same consistent data.
Insights at a glance
Whether you need to track product line performance, measure marketing campaign ROI, or analyze cost drivers, Fathom’s customization options enable fathom quickbooks online you to get the insights you need. Once inside Fathom Smart Reporting, you’ll have access to a wealth of reports, dashboards, and tools to analyze your financial data. The interface is designed to be user-friendly, with intuitive navigation and clear options to help you make the most of this powerful tool.
Fathom Smart Reporting is designed to help businesses gain valuable insights into their financial data through comprehensive reporting and analysis. It enables users to transform raw financial data into visually appealing reports and dashboards that provide a clear understanding of the company’s financial performance. You’ve learned how to create and customize Fathom reports to focus on the specific financial aspects that are most relevant to your business. By customizing reports and utilizing advanced calculations, metrics, and interactive dashboards, you can gain deeper insights and make data-driven decisions. In conclusion, Fathom Smart Reporting is a powerful tool that enhances your ability to analyze and interpret financial data within QuickBooks Online Advanced.
In today’s fast-paced business world, having access to powerful reporting tools is crucial for making informed decisions and driving growth. Fathom Smart Reporting is a feature-rich tool that allows users to analyze their financial data, generate insightful reports, and gain valuable business intelligence. By leveraging the capabilities of Fathom Smart Reporting, you can transform raw financial data into meaningful insights and drive your business’s growth. Whether you’re a small business owner, a finance professional, or an analyst, Fathom provides you with the tools you need to make informed decisions and stay in control of your financial performance.
Sharing reports promotes transparency, collaboration, and alignment within your organization. After selecting a template, customize it to match your specific requirements. You can modify the report’s layout, add or remove data columns, adjust time periods, and select the metrics you want to include.
- When importing from QuickBooks Online, you can import up to 60 classes and locations into Fathom for a single company.
- Once imported, you can view this data in various charts and tables, including side-by-side financials and Fathom’s Breakdown Tool.
- Smart Reporting powered by Fathom helps you see exactly how well your business is performing.
- Furthermore, Fathom offers interactive features within its reports and dashboards, allowing you to drill down into the underlying data and explore specific transactions or accounts.
- Welcome to the world of Fathom Smart Reporting within QuickBooks Online Advanced!
- Your customisations in the Company Settings flow through to the Analysis tools, Reports, and Forecast.
Divisional analysis
Select the report template that closely matches the type of report you want to create. For example, if you’re looking to analyze your company’s profitability, select a template like the “Profitability Analysis” report. Companies on a Fathom Pro plan can also trigger a manual update from the Company Settings and set up automatic updates.
Parent and Child divisions or subdivisions
Fathom uses tools and metrics to provide in-depth analysis to assess profitability, cash flow, growth, and other key performance indicators (KPIs). You can update the class and location data that is being imported to ensure that any changes made in QuickBooks Online are reflected in Fathom. ‘Unclassified data’ in Fathom represents the difference between the data for the entire company and the data assigned to your classes. You may have unclassified data in Fathom if there is data in your financials that has not been attributed to a class or location or if you have parent and child classes in QuickBooks. Fathom allows you to import class and location data for up to 60 classes.
To learn more, see How to create and edit reports in Spreadsheet Sync and Create custom reports in QuickBooks Online Advanced. If you have changed the name of a class or location in QuickBooks, you’ll need to trigger a more substantial update of the data to reflect the changes in Fathom. This feature is included with Fathom Pro – the plan with access to all of Fathom’s features. Companies on Portfolio can be upgraded to Fathom Pro at any time. Fathom has a good integration with QuickBooks Online, bringing through the data every day automatically.
After you’ve imported your financials into Fathom, the next steps depend on the plan type you chose when importing. You’ll find setup steps for both plan types in our ‘Getting Started with Fathom’ article. With QuickBooks Online Advanced, you have several options for creating custom reports. You can use QuickBooks Online’s report functions or Excel-based Spreadsheet Sync for spreadsheet reporting. If you prefer to have child data roll up into the corresponding parent division, you can choose not to import the child divisions. Any unimported child division amounts will roll up into the appropriate parent division.
Through this comprehensive guide, we will explore how to access and utilize Fathom Smart Reporting within QuickBooks Online Advanced. You’ll learn how to navigate the tool’s features, create customized reports, and share your insights with others. Additionally, we’ll delve into some advanced features and troubleshooting tips to ensure a seamless experience. With the ability to create and customize reports, Fathom empowers you to focus on the specific financial aspects that matter most to your business.
Make sure to check your subscription plan to ensure that Fathom Smart Reporting is included or to upgrade if necessary. If you’re accessing Fathom Smart Reporting for the first time, you may need to grant permission to allow QuickBooks Online Advanced to integrate with Fathom. The above configuration is correct because ‘Germany’ has been designated as a subclass of the ‘EU’ class, and the city classes have been designated as subclasses of the ‘Germany’ class. Latest news, events, and updates on all things app related, plus useful advice on app advisory – so you know you are ahead of the game.