Welcome to Freebie Friday here on the QuickBooks for Contractors blog:-)
Below is a list of the current QuickBooks related eBooks that we have available – I do have several new ebooks that are ready to go, but you’ll have to wait until after the first of the year in order to have access to them as I’m in the midst of moving our main website to a new platform and I don’t want to have to fix anymore links than necessary.
What’s New in QuickBooks 2011
142 pages covering the new features of QuickBooks 2011. This eBook has been moved to our Learn to use QuickBooks in your construction business webshite where you can complete our simple request form to gain instant access to this ebook. Request your copy now.
Payroll Mistakes – It’s NOT as Easy as 1 -2 3!
Learn common mistakes that occur during the hiring process, paycheck generation, at year end, and all year long. Purchase our 19 page eBook for $6.95; which expands on common mistakes and learn how to avoid them. Get your copy today from the Learn to use QuickBooks in your construction business website.
Advanced Job Costing – Getting Equipment Costs into QuickBooks
Use QuickBooks to track these costs for job costing purposes by downloading purchasing our 32 page eBook and video training series for $25.00. Order your copy today, from the Learn to use QuickBooks in your construction business website.
Ways Contractors Pay Prevailing Wage Fringes
Learn about the various way contractors pay the fringe benefit portion of prevailing wages AND how to set QuickBooks up to track them, in this eBook and video training series. NOTE: March 8, 2013 this eBook and video training series is being updated and will be available around April 1, 2013 from the Learn to use QuickBooks in your construction business website.
Tracking Subcontractors Worker’s Comp & General Liability Insurance
Keeping track of expiration dates and making sure that you always have a copy of the current policy on hand, can be a daunting task. Learn tips, tricks, and techniques in this eBook and video training series. NOTE: March 8, 2013 this eBook and video training series is being updated and will be available around April 1, 2013 from the Learn to use QuickBooks in your construction business website.
That’s it for this weeks folks. Have a great weekend.
Most people will handle this one of 2 ways:
1.) create a “double-sided” item that will point to a W/C Reimbursement Other Current Asset Account on the Expense side and an Other Income account called OCIP/CIPP Reimbursement.
2.) treat it as a reimbursed expense.
What are your ideas?
I am running into a situation for the first time so I was hoping for some advice on the best way to handle this.
For certain jobs there is something called OCIP/CCIP which I am told means that they will be reimbursed for Workers Comp Costs by the customer.
What is the best way to figure out the correct receivable for this and to book the “receivable” and reduce the workers comp cost.
I have a few ideas but I was curious how some of you have handled this in the past.
Thanks for the help
Bob
I enjoy reading the update daily as a registered Pro-Advisor. Thanks for what you do and doing it so well. It is a benefit to everyone and I am sharing it when I can with others.
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