Quick Books for Contractors is a must have reference tool for construction professionals who want to get the most out of Quick Books. Beyond the basic manuals and how to guides, this book answers “How do I get Quick Books to …?”
This unique guidebook presents numerous workarounds and examples of practical applications designed to increase user skill level. Improve the quality of accounting information your company depends on for financial decision making and increasing profits!
Some of the topics covered include:
- Review of functionality available for contractors
- Generating detailed estimate versus actual job cost reports
- Job costing all elements of payroll – wages, taxes, and workers comp
- Getting around payroll taxes being charged to only one expense account
- Progress and retention billing
- Multi-state payrolls and charging jobs for worker’s comp premium costs with different rates for each class of work and state
- Tracking and job costing equipment
- How to use vendor bills to record journal entries at the item code level
- Using the inventory module to track materials and charge jobs for usage
- Tracking subcontractor insurance expirations
- Overview of percentage completion accounting with formulas and sample journal entries
Get Quick Books to deliver the right information you need to run a successful, profitable construction company with this first book in the series of Quick Books How to Guides for Professionals.
***
The author, Craig Kershaw, CPA, MBA, is a construction industry CFO and Controller with years of experience using accounting systems. He is the managing partner of The CFO Source, a consulting firm that provides senior level financial expertise to small and medium size businesses. A Quick Books Pro Advisor, the author developed the book as a training tool for construction clients. The author presents continuing education courses on Quick Books to members of the Maryland Association of CPA’s.
Inhaltsverzeichnis
Chapter One – Overview of FunctionalityWhat Can Quick Books Do for the Contractor?
Profit and Loss Statement Considerations
Balance Sheet Considerations
Determining the Level of Detail to Track
Chapter Two – Setting Up Jobs in Quick Books
Chapter Three – Customizing Item Codes
Item Code Types
Setting Up Item Codes
Set-Up of a Service Item Code
Additional Information on Item Codes
Chapter Four – Creating and Using Estimates
Showing Multiple Lines for Revenue
Showing Single Line for Revenue
Chapter Five – Vendor/Subcontractor Transactions
Recording Vendor Bills to Jobs
Recording Vendor Refunds
Tracking Subcontractor Insurance Expiration Dates
Chapter Six – Using Quick Books Payroll for Job Costing
Setting Preferences for Job Cost Payroll and Workers‘ Comp
Using The Weekly Timesheet to Track Hours and Pay By Job
Workers‘ Compensation Costing and Management
Modifying the Workers‘ Comp Payroll Item Code
Setting Up Workers‘ Comp Codes
Setting up the Experience Modification Rate
Setting Default Workers‘ Comp Codes for Employees
Workers‘ Compensation Reports
Generating Certified Payroll Reports
Using Company Contribution Payroll Item Codes to Charge Non-Payroll Expenses to Jobs
Dealing With the Problem of Payroll Item Codes That Only Post to One Account
Chapter Seven – Billing for Contracts
Billing for Prepayments/Deposits – Two Approaches
Approach One – Posting the Deposit to Accounts Receivable with a Credit Memo
Accounting Comment on this Approach
Approach Two – Posting the Deposit to a Current Liability Account
Progress Billing
Time
Expenses
Mileage
Items
Generating a Time and Material Invoice
Alternative Approach to Time and Material Billing
Retention Billing
Chapter Eight – Equipment and Vehicle Costing
Set-Up
Allocating Costs to Jobs
Chapter Nine – Inventory Costing
Setting Up and Using Inventory
Making Inventory Adjustments
Chapter Ten – Percentage Completion Accounting
Chapter Eleven – Functionality for Government Contractors
Costs Aggregation Approaches
Account Types
Accounts & Sub Accounts
Class Codes
Cost Allocation Approaches
Chapter Twelve – Reports
Reports to Review for Data Integrity
Expenses Not Assigned to Jobs
Unbilled Costs by Job
Job Profitability Reports
Summary Profitability Reporting
Individual Job Profitability Reports
Profit and Loss by Job
Job Profitability Detail
Job Estimates vs. Actuals Detail
Modifying and Memorizing Reports
The Expand/Collapse Function
Customizing Reports
Memorizing (and Retrieving) Reports
Appendices
Appendix A
Appendix B
Appendix C
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