QuickBooks for Contractors blog » construction

QuickBooks Tip – Construction A/P – Tracking Subcontractor Insurance

Nancy Smyth — Tue, 29 Jun 2010 11:00:19 +0000

Unlike some of the more costly construction specific software programs out there, QuickBooks wasn't designed to prevent us from generating a check to a Vendor/Subcontractor whose General Liability or Worker's Compensation insurance has [Read the full article...]

QuickBooks Tip – Construction Accounts Payable

Nancy Smyth — Thu, 24 Jun 2010 13:55:26 +0000

If you think that job costing is all it takes to have a good construction accounting system – think again! You need a firm handle on your costs and QuickBooks when properly setup and used does a very good job, however, you also need to be able to control those [Read the full article...]

Contractors Really Need Technology Now – Bookkeeping in Bunny Slippers

Nancy Smyth — Wed, 16 Jun 2010 13:54:09 +0000

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 [Read the full article...]

Retainage & Final Payment – New Law in Arizona

Nancy Smyth — Mon, 07 Jun 2010 16:03:26 +0000

ASA (American Subcontractors Association) of Arizona Shows Leadership in Securing Prompt Pay of Retainage & Final Payment.

(from Contractor Power Newsletter)

ALEXANDRIA, Va. — A new law (S.B. 1375) signed by Arizona Gov. Jan Brewer (R) on May 11, 2010, adds requirements for timely payment of retainage and final payments to the state’s prompt [Read the full article...]

Join our “QuickBooks for Contractors” Group on LinkedIn

Nancy Smyth — Thu, 03 Jun 2010 15:57:29 +0000

Construction specific help available for QuickBooks users and the accounting professionals who support [Read the full article...]

Construction Accounting – Tracking Construction Costs Primer

Nancy Smyth — Fri, 21 May 2010 10:00:32 +0000

Tracking costs throughout a construction project is possibly the most important aspect of completing a project. This may seem like a simple function, but in a construction project, different entities need different financial information, and being able to track finances in real time saves a lot of work (and costs) later on. [Read the full article...]

QuickBooks Tips – Contractor Needs – Part 3

Nancy Smyth — Thu, 20 May 2010 10:00:02 +0000

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...]

QuickBooks Tip – Working With Contractors – Part 2

Nancy Smyth — Thu, 13 May 2010 08:00:48 +0000

Understanding the different types of contractors and the roles that they play in the construction industry will enable you to realize just how different their QuickBooks accounting and compliance needs will [Read the full article...]

QuickBooks Tip – Working With Contractors – Part 1

Nancy Smyth — Wed, 12 May 2010 12:22:20 +0000

An infusion of federal infrastructure funding through the American Recovery and Reinvestment Act requires contractors using QuickBooks to submit of certified payroll [Read the full article...]

Government Funded Construction Projects – Quick Facts

Nancy Smyth — Tue, 11 May 2010 11:57:40 +0000

Many contractors across the United States are subject to the Davis-Bacon Act – including a growing number of small, medium, and large construction firms as a result of the American Recovery and Reinvestment Act of 2009 (ARRA).

ARRA provides billions of dollars in funding for the improvement of the nations’ infrastructure that [Read the full article...]