QuickBooks Tip – Understanding QuickBooks Inventory Cost

Published March 10, 2011 | By Charlie Russell

If you are using QuickBooks to manage your inventory, you need to understand how QuickBooks deals with the cost of inventory items. Guest blogger, Charlie Russell explains how QuickBooks handles these costs.

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QuickBooks Question – Inventory for Contractors

Published July 6, 2010 | By Nancy Smyth

A reader asked the following question:

We are a small contractor in San Diego and we are wondering how we get around having to always do an inventory adjustment to get our purchases to the correct COGS account? We… Continue reading →

QuickBooks Tip – Determing Cost of Goods Sold

Published June 8, 2010 | By Nancy Smyth

I tell my clients that Cost of Goods Sold (COGS) is any cost incurred that directly relates to getting the sold goods out the door. I have them ask the question "Would you have this expense if you hadn't made the sale?"

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Using Account Numbers in Your QuickBooks Chart of Accounts

Published January 9, 2009 | By Nancy Smyth

The QuickBooks Chart of Accounts is the framework used to categorize the information and transactions used to create reports. By using a chart of accounts and creating reports, you will always know the current state of your business.

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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.

QuickBooks Tip – Understanding QuickBooks Inventory Cost

QuickBooks Question – Inventory for Contractors

QuickBooks Tip – Determing Cost of Goods Sold

Using Account Numbers in Your QuickBooks Chart of Accounts

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