QuickBooks for Contractors blog » contractors

QuickBooks for Contractors Tip – Advanced Progress Invoicing

Nancy Smyth — Mon, 02 Aug 2010 11:00:11 +0000

Progress Invoicing is a feature of QuickBooks® Pro, Premier and Enterprise editions, however, it is geared toward line item billing; more commonly used by contractors who work on large commercial and/or government construction projects involving a large scope of work or schedule of values and detailed line-item [Read the full article...]

QuickBooks for Contractors Tip – Basics of Progress Invoicing

Nancy Smyth — Fri, 30 Jul 2010 13:42:22 +0000

Progress Invoicing is a standard feature of QuickBooks® Pro, Premier, and Enterprise editions; each of these versions also offer several options for invoicing as well. In order to implement the Progress Invoicing function you must also utilize the QuickBooks Estimate function – this will eliminate repetitive data entry and help you achieve good job costing reports, such as Estimate vs. Actual [Read the full article...]

California DIR – New Prevailing Wage Compliance Requirements for Contractors

Nancy Smyth — Thu, 22 Jul 2010 11:00:52 +0000

Beginning August 1, 2010 contractors in California will be required to electronically file certified payroll reports under the DIR Compliance Monitoring Unit (CMU). Certified Payroll Solution, a QuickBooks integrated application, will help meet these [Read the full article...]

QuickBooks Tip – Handling Retainage

Nancy Smyth — Fri, 09 Jul 2010 11:00:25 +0000

Retention or retainage is usually a specific percentage, for example 10%, of the total contract that is held back by the project owner in reserve to protect the owners interest. QuickBooks users must initiate work-arounds and make QuickBooks track retainage that is held on each progress [Read the full article...]

QuickBooks Question – Inventory for Contractors

Nancy Smyth — Tue, 06 Jul 2010 11:00:16 +0000

A reader asked the following question:

We are a small contractor in San Diego and we are wondering how we get around having to always do an inventory adjustment to get our purchases to the correct COGS account? We have (2) departments but they are both doing construction projects: Service dept does smaller installs and Contracts [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...]

QuickBooks for Contractors Newsletter – June 2010 Edition

Nancy Smyth — Wed, 16 Jun 2010 13:09:26 +0000

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 [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...]

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 Tips – Contractor Needs – Part 1

Nancy Smyth — Tue, 18 May 2010 12:10:26 +0000

Estimating and Job Costing needs will vary depending on the type of contractor you will be dealing with. We'll be meeting Harry the Handyman, Sam the Subcontractor and Gerry the General [Read the full article...]