Fathom also allows you to create custom metrics and calculations to gain deeper insights. You can define formulas and ratios based on your unique business needs. Smart Reporting powered by Fathom helps you see exactly how well your business is performing.
Users with Master Admin or Company Admin roles in QuickBooks can import data into Fathom.
Furthermore, we discussed some advanced features of Fathom Smart Reporting, including data consolidation, what-if analysis, and customizable dashboards. These features allow you to perform sophisticated analysis, gain deeper insights, and stay proactive in monitoring your financial performance. With these advanced features, Fathom Smart Reporting takes your financial analysis to the next level. By leveraging these functionalities, you can gain deeper insights, perform sophisticated analysis, and make well-informed decisions that drive business growth. With Fathom, you can unlock your company’s financial performance and gain valuable insights into key areas such as profitability, cash flow, and growth trends. Welcome to the world of Fathom Smart Reporting within QuickBooks Online Advanced!
It is designed for accounting firms to get an overview of their entire portfolio of clients. You’ll also have access to a Fathom Pro demo company throughout your trial and once you sign up for a subscription. We also explored the various options for sharing Fathom reports, whether it’s exporting them in different formats, scheduling automatic delivery, or providing collaborative access.
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.
Fathom works with all QuickBooks Online versions, and comes free of charge with any US users who upgrade to QuickBooks Online Advanced. Most countries are compatible with Fathom, with the primary exception being QuickBooks Online France. After granting authorization, you can start exploring the various features and capabilities of Fathom Smart Reporting.
We started our journey by understanding the fundamentals of Fathom Smart Reporting and how it integrates seamlessly with QuickBooks Online Advanced. We explored how to access Fathom and navigate its user-friendly interface. We then delved into the different types of reports and dashboards available, such as financial reports, KPI dashboards, trend analysis, and benchmarking. By creating customized reports, you can present financial information in a format that is easily understandable and actionable. This enables you and your team to make informed decisions and drive business growth.
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.
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, fathom quickbooks online 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.
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.
You can add a budget directly from QBO to a company with financials sourced from QBO. While you can create multiple budgets in QBO, Fathom allows one budget to be connected at a time. By following these troubleshooting tips, you can resolve most common issues that arise while using Fathom Smart Reporting. Remember that ongoing communication with Fathom support and staying updated with the latest software releases and bug fixes can help ensure a smooth experience with the tool. 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.
Furthermore, Fathom allows you to create custom metrics and calculations based on your unique business needs. You can define your own formulas, ratios, and indicators to gain deeper insights into the financial aspects that are most relevant to your industry or business model. With Fathom, you can easily analyze key financial metrics, such as revenue, expenses, profitability, and cash flow. It offers a range of standard reports and customizable templates that enable you to focus on the specific aspects of your business that matter most to you.
Intuit chose Fathom to be the exclusive reporting app for the QBO advanced offering in the US. Before we delve further into accessing and utilizing Fathom Smart Reporting within QuickBooks Online Advanced, it’s important to understand the core concepts and functionalities of this powerful tool. When you import a QuickBooks Online company into Fathom, your company’s Chart of Accounts will automatically be brought into Fathom. Fathom will detect if the company is using cash-basis or accrual accounting. Companies on a Fathom Pro plan have access to the Company Settings.
Now that we’ve explored how to share Fathom reports, let’s move on to the next section and uncover some of the advanced features and functionalities offered by Fathom Smart Reporting. Congratulations on adding your class and location data to Fathom! Finish the ‘Getting Started Workflow’ by setting up your company for analysis, reporting, and forecasting. If you import multiple companies into Fathom, some can be on a Fathom Pro plan and others on a Portfolio plan. A Portfolio plan enables you to bring more companies into Fathom at a lower price point.
Fathom Smart Reporting also offers a variety of visualizations, such as charts, graphs, and KPIs. These visual representations provide a quick and intuitive way to identify trends, patterns, and anomalies in your financial data. Whether you’re looking to track monthly revenue growth, analyze expense trends, or monitor the performance of specific product lines, Fathom’s visualizations make it easy to spot opportunities and challenges. One of the key advantages of Fathom is its ability to consolidate data from multiple sources.
You can also import Month-to-Date data for QuickBooks Online companies on a Fathom Pro plan. Once completed, you can see your QuickBooks company or companies listed on the ‘My Companies’ screen in Fathom. You’ll want to ensure your class tree hierarchy is set up correctly in QuickBooks to avoid double-counting in Fathom. Fathom identifies parent and child classes based on their relationship in QuickBooks, not based on name-matching.