To determine the most useful QuickBooks report for summarizing a company’s financial performance over the last quarter, we need to analyze the purpose of each report listed:

Solution By Steps

Step 1: Analyze the Purpose of Each Report

Accounts Receivable Aging Summary: This report details the outstanding invoices categorized by how long they have been overdue. It is useful for managing cash flow and collections but does not provide a comprehensive view of the company’s financial performance.

Balance Sheet: This report shows the company’s assets, liabilities, and equity at a specific point in time. It provides a snapshot of the company’s financial position but does not detail the performance over a period like a quarter.

General Ledger: This report lists all financial transactions in the company’s accounts. It is detailed but not summarized and is more useful for auditing and reconciling accounts rather than summarizing performance.

Profit and Loss (P&L): This report summarizes the company’s revenues, expenses, and profits over a specific period, which is ideal for understanding the financial performance over the last quarter.

Step 2: Select the Most Relevant Report

Given the purpose of each report, the Profit and Loss (P&L) report is the most relevant for summarizing the company’s financial performance over the last quarter. It directly provides the necessary information about revenues, expenses, and profits during the specified period.

Final Answer

The most useful QuickBooks report for summarizing Kevin’s company’s financial performance over the last quarter is the Profit and Loss (P&L) report.