Keeping track of bookkeeping/accounting tasks and the information that is required when you hire a new employee can be pretty overwhelming for a business owner or bookkeeper. In the normal rush of day-to-day activities; sometimes important items can get overlooked and come back to bite you later.
Welcome to Tuesday Training!
Tuesday Training is a new feature here on the QuickBooks for Contractors blog. While everyday focuses on training of one sort or another, Tuesday’s are dedicated to more in-depth training.
We’ll teach you the things you need to know about using QuickBooks, that you won’t find in the QuickBooks Help file, in order to successfully run your construction business and obtain accurate job costing reports; from eBooks, live webinars, and recorded training sessions.
You’ll find high-quality (budget friendly) training without having to leave the comfort of your home or office.
Bookkeeping & Accounting Tasks
We’ve compiled a list of daily, weekly, monthly, quarterly, and annual bookkeeping and accounting tasks to help you stay on track – this is also a handy checklist to provide to a new bookkeeper.
This list is geared for contractors and include items such as certified payroll reports, AIA billing draws, Worker’s Comp, and General Liability Insurance tracking reminders.
Excel format, so you can easily add other items and customize it to meet the needs of your business.
We hope that you’ve found today’s Tuesday Training items to be helpful to your business – if so please take a moment to leave a comment or share this with others on your favorite social media network using the buttons below
Download your free copy of our Bookkeeping and Accounting Tasks checklist here.
Employee New Hire Packet
What should a “New Hire Packet” contain? Federal W-4, State W-4, and Form I-9 at a minimum – but that really isn’t enough information to keep on file. You, as well as your bookkeeper needs to have more information about a new employee than what is available on these forms. Utilize our New Hire Checklist” to provide your bookkeeper with additional information about the employee.
Word format, so you can easily add additional information and customize it to suit the needs of your business.
Download your free copy of our Employee New Hire Packet by clicking here.
We hope that you’ve found today’s Tuesday Training items to be helpful to your business – if so please take a moment to leave a comment or share this with others on your favorite social media network using the buttons below.
So how do you find a “good” bookkeeper and test their knowledge before hiring them? Or, perhaps you are ready to hire a CPA to help you with your business and your books. Congratulations! We all know what a struggle it is to “try to do everything” yourself, and it almost goes without saying that as a busy contractor, we also know that time is best spent on the job and not in the office handling paperwork.
Welcome to Tuesday Training!
Tuesday Training is a new feature here on the QuickBooks for Contractors blog. While everyday focuses on training of one sort or another, Tuesday’s are dedicated to more in-depth training.
We’ll teach you the things you need to know about using QuickBooks, that you won’t find in the QuickBooks Help file, in order to successfully run your construction business and obtain accurate job costing reports; from eBooks, live webinars, and recorded training sessions.
You’ll find high-quality (budget friendly) training without having to leave the comfort of your home or office.
Construction Bookkeeper Test – $25.00
So how do you find a “good” bookkeeper and test their knowledge before hiring them? Well, we have scoured the internet searching for a “good” QuickBooks and Construction Bookkeeping Test, and while we have found some that would test an applicant’s basic knowledge of QuickBooks as well as some basic accounting knowledge, none have addressed any construction related functions. Being disappointed in what we have found, we’ve designed our own – somewhat based on issues that we deal with on a day to day basis supporting our own software which integrates with QuickBooks – and we are happy to offer you a copy {complete with the answers}.
Our Bookkeepers test asks applicants to answer a total of 145 questions, covering 5 different areas of knowledge.
Purchase your copy today for $25.00.
Hiring a Bookkeeper or CPA
We all know what a struggle it is to “try to do everything” yourself, and it almost goes without saying that as a busy contractor, we also know that time is best spent on the job and not in the office handling paperwork.
Before you hire someone to handle your books or your taxes, check their skills and lay the ground rules to make sure that you are getting the right person for your business and never make the big mistake of just “turning” it all over to someone (no matter how enticing that idea may be). Always keep an eye on what is going on.
FREE eBook – click here to download.
Additional Resources from the IRS
Even the IRS feels that this is an important subject, and the IRS urges you to choose that preparer wisely. Most return preparers are professional, honest and provide excellent service to their clients. But it is the taxpayer who is legally responsible for what’s on his or her tax return even if it is prepared by someone else.
We hope that you’ve found today’s Tuesday Training items to be helpful to your business – if so please take a moment to leave a comment or share this with others on your favorite social media network using the buttons below.
Friday is Free eBook day, here on the QuickBooks for Contractors blog it’s better known as Freebie Friday! Each Friday we’ll tell you about a free eBook that we’ve found or one that we have created. Look for eBooks on a variety of educational topics.
Free eBook – An Introduction to Lead Generation
By now, many businesses understand that lead volume is based on a wide array of factors, ranging from social media presence, to blogging frequency, to online content.
Learn how to effectively generate traffic and leads for your business.
Download HubSpot’s 39-page ebook, which will walk you through the basics of lead generation and discuss techniques for optimizing your lead gen strategy.
In this free ebook, you’ll learn:
- The fundamental tactics for lead generation
- Techniques for maximizing your reach and lead flow
- Methods for improving lead generation results
Get started by completing the request form on Hubspot’s website to download the “An Introduction to Lead Generation” eBook today!
We hope you find today’s eBook to be helpful, if so please take a moment to leave a comment or to share this post on your favorite social networking site.
Have a great weekend
Knowing how to complete an AIA G-702/G-703 billing form and documenting change orders are important for your overall cash flow, if they aren’t done correctly – well you don’t get paid on time! This Tuesday Training segment will provide you with detailed information on both
Welcome to Tuesday Training!
Tuesday Training is a new feature here on the QuickBooks for Contractors blog. While everyday focuses on training of one sort or another, Tuesday’s are dedicated to more in-depth training.
We’ll teach you the things you need to know about using QuickBooks, that you won’t find in the QuickBooks Help file, in order to successfully run your construction business and obtain accurate job costing reports; from eBooks, live webinars, and recorded training sessions.
You’ll find high-quality (budget friendly) training without having to leave the comfort of your home or office.
AIA G-702/G-703 Training Exercise – $25.00
Most anyone will tell you that completing the AIA G-702 and G-703 forms by hand is frustrating and difficult. To fill out one correctly, you pretty much have to:
- forget about any basic accounting principals you’ve ever learned
- ignore change orders that have been submitted or approved, but not processed
- ignore money that is still outstanding from previously submitted applications for payment
You need to realize that the payment applications that you submit are an important piece of your overall cash flow management. When your payment applications get screwed up — bad things happen; none of which put you in “good standing” with the General Contractor or Project Owner, and can ultimately damage your company’s overall cash position.
This 38 page eBook contains everything you’ll need to learn how to complete these billing forms correctly; including a sample AIA training exercise that walks you through, from start to finish, how to complete an AIA G-702 & G-703 form by hand.
Purchase your copy today for $25.00.
Documenting Change Orders, Extra Work Orders & Job Costs
It almost goes without saying that on any construction project, a contractor’s ability to get paid for the Original contract, Extra Work Orders and/or Change Orders is vital to the business’s profit margin.
It’s the start of a new contruction season, is your job costing system in place?
Free eBook – click here to download.
It’s our last official post for 2011 and we’d like to wish you all the happiest of holidays and say a warm “thank you” for your support and patronage this past year!
Seasons Greetings and Happy Holidays to all of you! I hope each and every one of you have a fantastic holiday season.
I’d like to thank everyone for your support of the QuickBooks for Contractors blog during the past year.
Our office will be closed from Friday, December 23 through Monday, December 26 and again from Friday, December 30 through Monday, January 2, 2012; while we share the holiday season with friends and family.
During this time were also going to do some well deserved maintenance and updates to our main website to prepare for 2012.
When we relaunch on Tuesday January 3, 2012, you’ll find that we’ve been very busy during this time. The Federal WH 347, certified payroll report is due to expire on December 31 and we will be providing information about the new reporting requirements so that you’ll be up to date. Additionally, after a very long delay, the Compliance Monitoring Unit, part of the California Department of Industrial Relations, will go into effect. So there will be information available about this as well.
In addition to these prevailing wage law changes you’ll find that we’ve been busy updating and creating new QuickBooks training materials geared for commercial and government construction contractors. These new materials will be in the form of e-books, pre-recorded videos and live webinars. All which will be reasonably priced.
Until then, have a safe and happy holiday season and be sure to check back next year to see what we’ve been up to!
