Bacon, a former banker, explained the need for the law when he detailed for his legislative colleagues how an out-of-state construction firm paying extremely low wages transported thousands of unskilled workers hundreds of miles to toil on a public project in New York – “They were herded onto this job, they were housed in shacks, they were paid a very low wage, and [Read the full article...]
|
||||||
|
Request a FREE 30-Day Trial of QuickBooks Add-On programs for Certified Payroll, AIA Billing & Payroll Wage Management. 
|
We were just awarded a contract with the Department of Defense and have to pay our employees “prevailing wage” and submit certified payroll reports. I called Intuit Support to ask them about prevailing wage, certified payroll, and how to track the fringe benefits; they weren’t very helpful – they just told me that QuickBooks can produce the certified payroll report…….can you help me understand all [Read the full article...] Gerry has overhead costs, employees, specialized equipment, company vehicles, materials, subcontractors, retainage, percentage of completion billing, and more that he needs to take into consideration when estimating. He works mostly on prevailing wage jobs, where he has to pay his employees a much higher rate of pay plus fringe benefits with a few private jobs – he isn’t a union shop; so he is paying the prevailing wage fringe benefits in cash to his employees. Billing requirements for his jobs include Time & Materials and Percentage of Completion, where he needs to submit AIA billing forms and track retainage that he is owed and retainage he owes his [Read the full article...] Sam Subcontractor already uses QuickBooks, he has more complex job costing needs due to certified payroll reporting requirements, payments of prevailing wage fringe benefits and AIA billing. High overhead costs, specialized equipment, materials, labor charges are other things that must be taken into consideration. QuickBooks Estimating, Job Costing, and payroll needs will vary depending on [Read the full article...] Contractors will purchase QuickBooks because they hear it’s drop dead simple to use or another contractor suggests they purchase it to help them keep track of their accounting needs – so off they go to the local office supply store and come home with their QuickBooks software, they get the program installed and crack open the manual………only to discover that while they can read a set of blueprints the QuickBooks manual is like reading Greek! [Read the full article...] |
|||||
|
Copyright © 2000 - 2010 QuickBooks for Contractors blog - by Sunburst Software Solutions, Inc. All Rights Reserved |
||||||