As the end of the year approaches, businesses using the PhotoBiz platform for their photography needs may find it beneficial to generate comprehensive end-of-year reports. These reports can play a crucial role in tax planning, financial analysis, and overall business evaluation. In this article, we'll guide PhotoBiz users through the process of pulling end-of-year reporting, ensuring a smooth and efficient experience.
Step 1: Log in to your PhotoBiz account
Start by logging in to your PhotoBiz account using your account credentials. Once logged in, navigate to the Ecommerce tool, on the left side menu. Here you can navigate to the Tracking section, in the top menu, and select Reports from the dropdown menu.
Step 2: Select your report
Here you’ll find financial and sales report options. PhotoBiz provides users with a range of reporting options to track sales, revenue, and other financial metrics. You can choose from the following reports:
- Sales Reports - Total sales report
- Payments Received - Total payments you earned
- Customer - Sales organized by customers
- Sales By Event - Sales collected per event you run
- Invoice Report - Invoice payments you received
- Tax Report - Taxable item income reporting
Step 3: Choose the timeframe
You can select the timeframe for each of the available reports. Since today we’re talking about pulling reports for an entire year, you can select this year or last year. You also have other options if you need a different scope of time:
- Last 6 months
- This Month
- Last Month
- This Year
- Last Year
- Custom Date
Step 4: Run report
After you’ve made your desired selections, click run report to generate reports that provide insights into your sales and revenue for the year. Then you’ll see the results on the screen and have options to export the data as a CSV file or to print it. With the CSV file, you can view the data as a spreadsheet or import the data into your accounting software of choice (e.g., Quickbooks).
Step 5: Save and backup reports
Once you have generated the necessary reports, save them in a secure location. Archiving backups ensure that you have access to this valuable information in the future. As you save the files, consider naming the files in a way that clearly identifies the report and the date range it covers (e.g., 2023 All Sales Report).
Other reports
In PhotoBiz’s Ecommerce tool, the Tracking Dashboard helps you see at a glance how your online sales are performing, including noting your best-selling items. This can help you make informed decisions for your business, including as you plan for the next year.
Pulling end-of-year reports in the PhotoBiz platform can yield valuable insights for your business. By carefully reviewing sales, expenses, and customer data, you'll be well-equipped to make informed decisions, plan for taxes, and set strategic goals for the upcoming year. Regularly utilizing these reporting features will contribute to the overall success and sustainability of your photography business. Happy Holidays!
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