due date
Company Short on Cash? This is the bill to pay FIRST!
Spending payroll tax money for other purposes is considered to be willful failure to pay taxes and can lead to huge penalties and interest. Continue reading
QuickBooks Tip-Tracking Retainage Payable to Subcontractors
There are two possible ways to track retainage that you owe to your subcontractors; one method utilizes a Sub-Account of Accounts Payable, called Retainage Payable, and the other method utilizes an Other Liability Account, called Retainage Due to Subcontractors. Please review the setup and use of both methods, and choose whichever one seems more appropriate for your use. Continue reading
QuickBooks 2011 – New Average Days to Pay Report
First introduced in QuickBooks 2011, however, also available in QuickBooks 2012, 2013, and 2014
The Average Days to Pay report lists paid invoices and statement charges; grouped by customer and job, and the number of days that it took the customer to pay. I can see that the Average Days to Pay Report would be a useful tool in helping all businesses, not just contractors, determine their projected cash flow. 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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