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QuickBooks Payroll Tip – Workers Compensation Based on Hours Worked
Workers Comp is usually calculated as a rate applied to gross wages; that's how the built-in QuickBooks feature works, learn how to track w/c based on hours worked Continue reading
QuickBooks Payroll Tip-Setting Up General Liability Insurance Tracking
QuickBooks Payroll, when properly set up, is capable of tracking and including the cost of your General Liability Insurance in job costing reports. Continue reading
QuickBooks 2011 – New Balance Sheet by Class Report – Part 4
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.
Another limitation of the Balance Sheet by Class report that I was disappointed in is that payroll liability payments to classes are not automatically allocated and must be manually done by the user. Continue reading
QuickBooks Tip 10 Plus Methods of Accounting for Construction Contracts
A contractor will need to select a specific long-term contract accounting methods - possibly with different methods for it's exempt and non-exempt contracts - and also selects sub-treatments for the classification of contracts and the allocation of indirect 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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