costing
Deducting the Cost of Lost Equipment from an Employee’s Pay
Can you deduct the cost of lost equipment from your employee’s pay? As a business owner I'm betting that on more than one occasion you have had an employee who has lost his company provided cell phone more than once and you've have to replace it.
Perhaps you want to recover the cost of the phone via a payroll deduction - before you do, read the rest of this article, because the answer depends first on state and federal restrictions and second on how much you want to deduct.
Continue readingQuickBooks Tip: How To Create a Summary Invoice for Customers
This QuickBooks tip discusses how to create a summary invoice for a customer when you need to track details for job costing purposes. Continue reading
QuickBooks Cost Plus Billing: Automatic Markup of Items
QuickBooks can do Cost Plus OR Time and Materials billing, however, Markups can only be calculated on Expenses. Learn about ways that you can mark-up Items. Continue reading
Creating Estimates In Excel vs. QuickBooks – What’s the Difference?
If you use QuickBooks for your accounting and you create your Estimates in Excel instead of within QuickBooks {which does provide you with an Estimating feature} you loose out on job costing capabilities and so much more! Continue reading
Entering Job-to-Date Costs & Billing Data at the Item Level
A Guest blog post by Lorien Prince, CPA for a QuickBooks tip for entering Job-to-data costs and billing data at the item level when converting or archiving Continue reading
Create a QuickBooks Job Cost Report With Hours & Payroll Costs
Creating a job cost report displaying the hours worked by employee, on a specific job or on all jobs, for a specific week or at the end of a job which includes payroll/labor burden costs can provide a contractor with vital job costing information Continue reading
Creating a Job Cost Report With Hours Worked – QuickBooks Tip
Creating a job cost report displaying the hours worked by employee, on a specific job or on all jobs, can provide a contractor with vital job costing information. 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 Tip – Understanding QuickBooks Inventory Cost
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. Continue reading
QuickBooks Contractor Tip-Capture Costs & Markup on Estimates
There are many times that a contractor will want to create a budget, to capture the costs and markup, for a job that they are working on. There are several methods to do so Continue reading
QuickBooks Job Costing – Determining Equipment Costs per Hour
Equipment cost-per-hour rates are calculated by adding together three distinct pieces of information. Once you know your Equipment Costs per hour, use QuickBooks to track these costs for job costing purposes. 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
Contractors Really Need Technology Now – Bookkeeping in Bunny Slippers
Now is the time for the construction industry to leverage technology to improve operational efficiencies and reduce operating costs, and to help reduce the impacts of constantly shifting materials costs due to globalization. Continue reading
QuickBooks Tip – 12 Steps to Implement Job Costing
It’s the start of construction season, is your job costing system in place?
While the start of a busy construction season may not be the time to do a full-scale revamp of your current job costing system, it is certainly… Continue reading
QuickBooks Tip – Job Costing Starts With A Simple Item
Job costing in QuickBooks starts with the Item List. When you tell this to most contractors they respond with “Items --- I don’t sell ITEMS --- what does Items have to do with construction????? Continue reading