accounting systems
QuickBooks & Your Construction Business – What’s Your Gripe?
We’ve talked with contractors who are frustrated with QuickBooks only to find that they aren’t utilizing many of the features that would provide them with the information that they were looking for. Likewise, we’ve talked with contractors who have taken that step into purchasing new construction-specific software and only use the base features of it because it was too difficult to learn, ended up resenting their purchase and came back to QuickBooks.
What are your biggest gripes, problems, or issues when it comes to using QuickBooks in your construction business? Use the comment option to tell us your problems - but you need to be specific! We'll then take these comments and develop some training videos, live webinars, or eBooks. Continue reading
Learn To Use QuickBooks In Your Construction Business
Learn to use QuickBooks in your construction business is a new support and training site provides answers and techniques that are not available in the QuickBooks® Help file or even even QuickBooks® conferences designed for accounting professionals. Continue reading
Top 10 Thursday – News from around the Web 2/2/12
10 articles from the web on General Business, Bookkeeping, Accounting, Payroll & Taxes, Construction, Marketing and Social Media Continue reading
Bookkeeping/Accounting Tasks and Employee New Hire Packet
Free checklists for keeping track of bookkeeping/accounting tasks and the information needed when you hire a new employee. Helps you meet important deadlines. Continue reading
QuickBooks Tip – An Audit Trail for Accounts Receivable
An "audit trail" for Accounts Receivable in QuickBooks is only one of the many complexities faced by government construction contractors. Learn various ways to get this type of information. Continue reading
Top 10 Tuesday QuickBooks Tips From Around the Web – 3/15/2011
Top 10 Tuesday picks includes posts from One Hour Bookkeeper, CPASiteSolutions, The Bottom Line, Top Notch Bookkeeping, Business-Keepers Consulting, Nerd's Blog, the QuickBooks Specialist & the IRS Continue reading
Freebie Friday-Bookkeeping & Accounting Tasks Schedule
We've compiled a list of daily, weekly, monthly, quarterly, and annual bookkeeping and accounting tasks to help you stay on track. Continue reading
The Contractor And The Black Box
A contractor's work is tangible; it's seen, touched, heard, smelled, and judged good or bad. Bookkeeping is intangible. By Randal DeHart, guest blogger Continue reading
QuickBooks Tip – Understanding Your Chart of Accounts
The QuickBooks Chart of Accounts is a complete list of a businesses accounts and their balances. You will use it to track how much money you have spent, how much money you have – and - how much money you owe. Continue reading
QuickBooks and the Myth of Do-It-Yourself Accounting
You feel the lure of those seductive little marketing messages that they whisper to you, but be careful about falling for that "do-it-yourself" myth, because these seductive little messages don't include some very important information that you need to know in order to make a sound business decision. Continue reading
QuickBooks Tip – Merging Duplicate Items and/or Accounts
It is a common occurrence over time, especially if you have had numerous bookkeepers; to discover that you have duplicate items in your QuickBooks Item List or accounts in your Chart of Accounts. Continue reading
QuickBooks 2011 – New Balance Sheet by Class Report – Part 11
The Balance Sheet by Class Report was first introduced with QuickBooks 2011, however, it is also available in QuickBooks 2012, 2013, and 2014; has specific requirements for handling many or our normal day-to-day transactions.
This is the last installment of our 11-part series on the Balance Sheet by Class Report, we'll discuss how you cannot use the Funds Transfer window to transfer funds between classes - instead you will have to make a journal entry to transfer funds between classes. Continue reading
QuickBooks 2011 – New Balance Sheet by Class Report – Part 2
The Balance Sheet by Class Report was first introduced with QuickBooks 2011, however, it is also available in QuickBooks 2012, 2013, and 2014; has specific requirements for handling many or our normal day-to-day transactions.
The first limitation that we will discuss is Journal entries with “unbalanced” classes. This limitation will affect CPA's and other accounting professionals; and will require that they change the manner in which they create journal entries in client files. Continue reading
QuickBooks Tip – Handling Retainage
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 invoice. Continue reading
QuickBooks Tip – Construction Accounts Payable
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
About Your Host:
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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