2010 June 16 | QuickBooks for Contractors blog

Daily Archives: June 16, 2010

Contractors Really Need Technology Now – Bookkeeping in Bunny Slippers

Published June 16, 2010 | By Nancy Smyth

With declining construction activity, the expectation would be a similar decline in materials costs. This is not proving to be the case.

Now is the time for the construction industry to leverage technology to improve operational efficiencies and reduce operating costs, and to help reduce the impacts of constantly shifting materials costs due to globalization. As an example, It is estimated at between 75% and 80% of all construction-industry invoicing is still paper-based. Research has shown that the cost of processing a paper-based invoice is approximately $5, compared to $2 to process an electronic invoice. The construction business can save not only on the cost of processing and storing paper documents, but can also greatly improve efficiency by reducing errors introduced when data is re-keyed.

Read the complete article from Bookkeeping in Bunny Slippers.

QuickBooks for Contractors Newsletter – June 2010 Edition

Published June 16, 2010 | By Nancy Smyth

The June 2010 edition of the QuickBooks for Contractors Newsletter, published on a quarterly basis by Sunburst Software Solutions, Inc. is now available.

This quarters newsletter is all about job costing equipment in QuickBooks:

Determining Equipment Costs per Hour – explains how equipment costs-per-hour is determined by adding together three (3) distinct pieces of information.
Equipment Cost Calculator – an Excel spreadsheet designed to calculate the ACTUAL hour rate it costs you to have a specific piece of equipment on the jobsite. The spreadsheet has formulas, based on the calculations in the article above.
QuickBooks Tips & Techniques – Advanced Job Costing – Getting Equipment Costs into Job Costing Reports – a FREE 17-page eBook which guides you step-by-step in getting your equipment costs into your job costing reports.

Get the current issue by clicking here.