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You Get What You Pay For – Do Cheap Bookkeepers Save Money?

There is a lot to learn about using QuickBooks and there is a LOT to learn about bookkeeping! Sure there are a lot of websites (including this one) where you learn how to do very specific tasks in QuickBooks and tons of YouTube videos - but tracking down the various pieces of the learning QuickBooks puzzle is horribly time-consuming and overwhelming; and the information that is found may not entirely meet the requirements of your company.

When you hire an inexperienced person and thrust them into full-fledged bookkeeping position; it’s very likely that you will end up with nothing but a huge mess on your hands and will need to have your books cleaned up by a professional.

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Deducting the Cost of Lost Equipment from an Employee’s Pay

Can you deduct the cost of lost equipment from your employee’s pay? As a business owner I'm betting that on more than one occasion you have had an employee who has lost his company provided cell phone more than once and you've have to replace it.

Perhaps you want to recover the cost of the phone via a payroll deduction - before you do, read the rest of this article, because the answer depends first on state and federal restrictions and second on how much you want to deduct.

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QuickBooks 2011 – New Average Days to Pay Report

First introduced in QuickBooks 2011, however, also available in QuickBooks 2012, 2013, and 2014 The Average Days to Pay report lists paid invoices and statement charges; grouped by customer and job, and the number of days that it took the customer to pay. I can see that the Average Days to Pay Report would be a useful tool in helping all businesses, not just contractors, determine their projected cash flow.
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About Your Host:

Nancy Smyth, Certified QuickBooks ProAdvisor

Nancy Smyth, Sunburst Software Solutions, Inc.
QuickBooks Construction & Payroll Expert


I've been using and supporting QuickBooks products since the early 1990's. I've worked with thousands of contractors, assisting them with QuickBooks setup, Certified Payroll Reporting requirements, AIA Billing and Weighted-Average Overtime.


QuickBooks is a powerful product, but learning how to use it in your construction business can be difficult. I hope you find resources available here to be helpful.

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