Brendan needs to summarize all unpaid customer balances. Which QuickBooks report would be most useful and why?

To summarize all unpaid customer balances in QuickBooks, the most useful report would be the Accounts Receivable Aging Report. This report provides a detailed view of all outstanding invoices and balances owed by customers.

Reasons Why This Report is Useful:

1. Overview of Customer Balances: The Accounts Receivable Aging Report lists unpaid invoices along with the total amount owed by each customer, making it easy to see who owes money.

2. Aging of Balances: This report categorizes balances based on how long they have been outstanding (e.g., current, 30 days past due, 60 days past due, etc.), allowing Brendan to identify overdue accounts and prioritize collections.

3. Financial Management: By reviewing this report, Brendan can effectively manage cash flow and follow up on late payments, which is crucial for maintaining the financial health of the business.

4. Filter Options: The report can also be filtered by date ranges, customers, or other criteria, giving Brendan the flexibility to analyze specific periods or customer groups.

In summary, the Accounts Receivable Aging Report in QuickBooks is essential for Brendan to efficiently track and manage all unpaid customer balances.