Vendors & Accounts Payable
QuickBooks Vendors, Subcontractors, and Accounts Payable tips & techniques.
Print & mail 1099’s – if all of your information is correct print and mail the 1099’s on pre-printed forms OR you can use Intuit's 1099 E-file service; and eliminate the need to buy pre-printed forms and pay postage. Continue reading
When does a Purchase Order actually post to your job costing numbers - is it when the PO is created or when you post the subcontractors invoice (bill) against the PO. Continue reading
First introduced in QuickBooks 2011, however, also available in QuickBooks 2012, 2013, and 2014. Intuit has finally fixed the Purchase Order Reporting to ACCURATELY display open balances, without a lot of additional manipulation by the user. My overall opinion is that for any company that issues Purchase Orders, this is a marked improvement in the overall functionality of QuickBooks. Continue reading
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 expired. Continue reading
Technically, the bill should be approved before it is input into QuickBooks; and generally indicating on the front or face of the document/purchase order/voucher/vendor invoice or whatever you happen to call it, is usually the relied upon method. Continue reading
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 costs. Continue reading