Would you like to go quickly from beginner to expert for everything that contractors could need when using QuickBooks Desktop? This ground-breaking new course will give self-employed contractors and construction companies everything they need in QuickBooks Desktop. With this course, you can easily keep financial records of a company that has contracts for physical and intellectual work done over a period of time, for clients who pay as the work is done.
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Would you like to go quickly from beginner to expert for everything that contractors could need when using QuickBooks Desktop? This ground-breaking new course will give self-employed contractors and construction companies everything they need in QuickBooks Desktop. With this course, you can easily keep financial records of a company that has contracts for physical and intellectual work done over a period of time, for clients who pay as the work is done.
Would you like to go quickly from beginner to expert for everything that contractors could need when using QuickBooks Desktop? This ground-breaking new course will give self-employed contractors and construction companies everything they need in QuickBooks Desktop. With this course, you can easily keep financial records of a company that has contracts for physical and intellectual work done over a period of time, for clients who pay as the work is done.
Self-employed contractors and their bookkeepers have unique challenges that relate to the bookkeeping and record keeping requirements. This type of company has more data to keep track of and report on than most other types of companies.
These features in QuickBooks Desktop can be used for any other type of company that needs to: Track time by job, allocate cost by job and use the percentage of completion method of progress invoicing, bill clients for job expenses and time of subcontractors.
This special and revolutionary QuickBooks Desktop video course shows each action that any contractor would need to take while servicing clients as well as tracking costs, progress and profits. You don’t need any prior knowledge of QuickBooks Desktop, Computers or Bookkeeping in order to start this course. Everything you learn is shown with a clear, step-by-step explanation that makes learning easy and fun.
This course starts with the most basics of the set up and builds slowly until you are an expert in QuickBooks Desktop regarding everything contractors could need when keeping financial records.
I have helped thousands of contractors with these helpful and easy to follow bookkeeping techniques. They are easy to understand and simple to execute. They will definitely work for you. This QuickBooks Desktop course is guaranteed to show every possible type of transaction and situation that a construction/renovation type of company, or any tech company that bills over time-based contracts, could need to enter into QuickBooks Desktop. It has basic, step by step directions that are fool proof.
These special but smooth ways of using QuickBooks Desktop are methods that contractors should and must use QuickBooks Desktop for their law firm. It will work with ANY version of the QuickBooks Desktop software; regardless of what year or version you have.
There are "follow-along" files for you to download for each separate video. You could just use the same file for all videos if you want to follow the course and repeat what you see for better learning. The tpoics include:
Creating A Contractor Company File In QuickBooks Desktop
Input The Specific Chart of Accounts That A Contractor Would Need In QuickBooks
Navigate The QuickBooks Destop File
Set Up And Manage The QuickBooks Online Items List For Contractor Use
Set The QuickBooks Preferences, Settings And Options That Contractors Need
Create Estimates From Contracts, Create Invoices From Estimates
Use "Progress Invoicing", To Track The Progress Of Jobs
Create And Manage Change Orders
Record Receiving Deposits From Customers / Clients
Find Everything Input In To The QuickBooks Contractor File
Determine Profit Or Loss By Job
Bill Customers For Reimbursable Expenses
Track Workers Time
Bill Clients For Workers Timesheets And Time Slips
Record Retention Withholdings and Bill For Retention Payments
Bill Clients For Remaining Retainage Paymnet
Make A Budget By Job And See Budget V.S. Actual Transactions
Find Job Invoices By The Bills They Were Placed On
Use Expense Items And 2-Sided Items When Billing Clients
Use Billing Items From The American Institute Of Architechs
Have Options To Enter A.I.A. Billing In To QuickBooks
The most helpful part, is that you should contact me immediately to address any question, issue or concern you have about the course.
I'm right here for you if you have any questions or need support. I hope you learn well and enjoy the course.
-Mark
Here's a deal for you
UDEAFNULP2024
What's inside
Learning objectives
- Perform every related quickbooks task that a contractor company would need
- Manage estimates, change orders and progress invoicing
- Input job costing information in to checks and bills from vendors
- Reimbursable expenses
- Mark checks and bills as billable
- Input and manage time sheets, time slips and mileage documnets
- Calculate salary per job (or by job)
- Cost per item unit for materials used
- How to bill for retention and record retention payments
- Anyone who needs to make a budget by job and see budget v.s. actual transactions
- How to find vendors bills by job invoice and find job invoice by vendor's bills
- Use complex items and description fields for progress invoicing precision
- Use american institute of architecht's items list for multi-million-dollar contracts
- Use a.i.a. billing in conjunction with quickbooks
- Show more
- Show less
- Perform every related quickbooks task that a contractor company would need
- Manage estimates, change orders and progress invoicing
- Input job costing information in to checks and bills from vendors
- Reimbursable expenses
- Mark checks and bills as billable
- Input and manage time sheets, time slips and mileage documnets
- Calculate salary per job (or by job)
- Cost per item unit for materials used
- How to bill for retention and record retention payments
- Anyone who needs to make a budget by job and see budget v.s. actual transactions
- How to find vendors bills by job invoice and find job invoice by vendor's bills
- Use complex items and description fields for progress invoicing precision
- Use american institute of architecht's items list for multi-million-dollar contracts
- Use a.i.a. billing in conjunction with quickbooks
- Show more
- Show less
Syllabus
How to record any income related event for a contractor like: estimates, change orders and progress invoicing
This QuickBooks training course will show you every possible thing that QuickBooks can do for a contractor company. You will learn in QuickBooks how to:
Set up a QuickBooks Contractor file
Input The Specific Chart of Accounts That A Contractor Would Need In QuickBooks
Manage And Customize The Icon Bar
Set Up And Manage The QuickBooks Items List For Contractor Use
Set The QuickBooks Preferences For The Options And Settings That Contractors Need
Create Estimates From Contracts, Create Invoices From Estimates
Use "Progress Invoicing", To Track The Progress Of Jobs
Create And Manage Change Orders
Record Receiving Deposits From Customers / Clients
Find Everything Put In To The File
Determine Profit Or Loss By Job
Bill Customers For Reimbursable Expenses
Track Workers Time And Mileage By Job
Calculate Salary Expenses Per Job
Record Retention Withholdings and Bill For Retention Payments
Cost Per Item Unit For Materials Used
These features in QuickBooks can be used for any other type of company that needs to: Track time and mileage by job, allocate cost by job and use the percentage of completion method of progress invoicing.
This unique QuickBooks learning tutorial even includes videos for Contractor's 'retention" and shows how to account for and bill for retention at the end of a contract.
There are 'follow along files” for each lecture so you can follow step by step. This makes learning QuickBooks Easy and fun.
The course is made with QuickBooks desktop for windows. However, the ideas apply to QuickBooks online as well as QuickBooks for Macintosh and Enterprise Solutions.
I'm right here for you if you have any questions or need support. I hope you learn well and enjoy the course!
-Mark
Read more
Syllabus
This QuickBooks training course will show you every possible thing that QuickBooks can do for a contractor company. You will learn in QuickBooks how to:
Set up a QuickBooks Contractor file
Input The Specific Chart of Accounts That A Contractor Would Need In QuickBooks
Manage And Customize The Icon Bar
Set Up And Manage The QuickBooks Items List For Contractor Use
Set The QuickBooks Preferences For The Options And Settings That Contractors Need
Create Estimates From Contracts, Create Invoices From Estimates
Use "Progress Invoicing", To Track The Progress Of Jobs
Create And Manage Change Orders
Record Receiving Deposits From Customers / Clients
Find Everything Put In To The File
Determine Profit Or Loss By Job
Bill Customers For Reimbursable Expenses
Track Workers Time And Mileage By Job
Calculate Salary Expenses Per Job
Record Retention Withholdings and Bill For Retention Payments
Cost Per Item Unit For Materials Used
These features in QuickBooks can be used for any other type of company that needs to: Track time and mileage by job, allocate cost by job and use the percentage of completion method of progress invoicing.
This unique QuickBooks learning tutorial even includes videos for Contractor's 'retention" and shows how to account for and bill for retention at the end of a contract.
There are 'follow along files” for each lecture so you can follow step by step. This makes learning QuickBooks Easy and fun.
The course is made with QuickBooks desktop for windows. However, the ideas apply to QuickBooks online as well as QuickBooks for Macintosh and Enterprise Solutions.
I'm right here for you if you have any questions or need support. I hope you learn well and enjoy the course!
-Mark
You will see what defaults, settings and options you must have in the preferences window when setting up QuickBooks for Contractor use
You will put shortcuts in the Icon Bar for the windows that contractors usually use. Some of the shortcuts are Customized Reports that contractors need
There are specific Accounts in the chart of accoutns that contractors need. You will learn what the chart of accounts is and how contractors use it
You will see what items a contractor needs and how to use the items list for a contractor business
We will explore the contractor file that is set up for you. We will finish the set up for things that are specific for contractors
We will learn what "jobs" are and how to set them up and manage them
We will learn how to customize QuickBooks transaction documents to fit the needs of a contractor.
We will learn how to create estimates for clients and how this effects the financial reports
We will see "progress invoicing" in action and see how to match the estimates with the invoices
We will see how invoices from estimates effects the reports that show the percent completion of a job
We will learn how to record receiving payments from clients
We will learn how to record "advanced" payments from clients such as "deposits" or "down payments"
We will learn how to record and manage change orders
This video will show you how to find anything you put in to the file
You will learn how to find the profit and loss for each job. You will leanr how to track expenses by job
You will learn how to bill clients for reimbursable expenses
You will learn how to change the default behavior (settings) of billable options in the prefernces window so that quickbooks will bill the way you want.
You will learn how to charge a client more than what you paid for reimbursable expenses.
You will learn how to bill clients for items that are from the items list
You will learn how to record and manage workers time by using time slips
You will learn how to record and manage workers time by using time sheets
You will learn how to record and manage workers vehicle mileage driven for a particular job
You will learn how to allocate your workers salary checks so you will know how much it cost you for each worker on each job
This is a special video that shows the "Mark Smolen" method of handling Retention. Retention is a small amount withheld from each invoice until the end of the job. This video will show you how to adjust your invoices for retention and even show you how to bill for retention to your clients.
There is no follow allong file for this video
This was something that I made for one of my contractor clients. I realized that all contractors could benefit from this.
It is an excel sheet that can tell you the cost per unit of materials that you will use on a job. This will help you estimate the cost of materials needed for an upcoming job
Good to know
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Activities
Set up a QuickBooks Desktop Practice File
Show steps
Starting with a practice file will enable you to practice safely without altering your actual financial data.
Show steps
-
Find And Download The QuickBooks Practice File
-
Open QuickBooks And Create A New Company File
-
Open The Practice File In QuickBooks
Review general accounting principles
Show steps
This will improve your understanding of financial reporting concepts covered in the course.
Browse courses on
Accounting Principles
Show steps
-
Review fundamental accounting concepts like assets, liabilities, and equity.
-
Learn how to record business transactions using accounting equations.
-
Prepare basic financial statements like income statements, balance sheets, and cash flow statements.
Watch tutorials on QuickBooks features
Show steps
Get familiar with QuickBooks features essential for contractors, such as job costing and progress invoicing.
Show steps
-
Search for QuickBooks tutorials on YouTube or other online platforms.
-
Choose tutorials that cover specific QuickBooks features relevant to contractors.
-
Watch the tutorials attentively and take notes on key points.
-
Practice using the QuickBooks features demonstrated in the tutorials.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Record Transactions In QuickBooks Desktop
Show steps
Create invoices, estimates, and record expenses to gain familiarity with the QuickBooks interface.
Show steps
-
Create An Invoice
-
Create An Estimate
-
Enter A Bill
-
Enter A Check
Solve accounting equations
Show steps
Practice solving accounting equations to enhance your understanding of debits and credits.
Show steps
-
Study the accounting equation and understand its components.
-
Solve simple accounting equations to determine the missing amount.
-
Complete more challenging equations involving multiple transactions.
Design an invoice template for your contracting business
Show steps
Create a customized invoice template to streamline your billing process and ensure professional presentation.
Show steps
-
Choose an appropriate software or online tool for creating the template.
-
Include essential elements like your business name, contact information, and invoice details.
-
Customize the template with your logo, branding, and preferred layout.
-
Test the template and make necessary adjustments before using it for actual invoices.
Create Financial Reports
Show steps
Explore the reporting features of QuickBooks to analyze your financial data and make informed business decisions.
Show steps
-
Open The Reports Menu
-
Navigate The Reports Menu
-
Customize A Report
Set up a QuickBooks Desktop Practice File
Show steps
Starting with a practice file will enable you to practice safely without altering your actual financial data.
Show steps
- Find And Download The QuickBooks Practice File
- Open QuickBooks And Create A New Company File
- Open The Practice File In QuickBooks
Review general accounting principles
Show steps
This will improve your understanding of financial reporting concepts covered in the course.
Browse courses on
Accounting Principles
Show steps
- Review fundamental accounting concepts like assets, liabilities, and equity.
- Learn how to record business transactions using accounting equations.
- Prepare basic financial statements like income statements, balance sheets, and cash flow statements.
Watch tutorials on QuickBooks features
Show steps
Get familiar with QuickBooks features essential for contractors, such as job costing and progress invoicing.
Show steps
- Search for QuickBooks tutorials on YouTube or other online platforms.
- Choose tutorials that cover specific QuickBooks features relevant to contractors.
- Watch the tutorials attentively and take notes on key points.
- Practice using the QuickBooks features demonstrated in the tutorials.
Record Transactions In QuickBooks Desktop
Show steps
Create invoices, estimates, and record expenses to gain familiarity with the QuickBooks interface.
Show steps
- Create An Invoice
- Create An Estimate
- Enter A Bill
- Enter A Check
Solve accounting equations
Show steps
Practice solving accounting equations to enhance your understanding of debits and credits.
Show steps
- Study the accounting equation and understand its components.
- Solve simple accounting equations to determine the missing amount.
- Complete more challenging equations involving multiple transactions.
Design an invoice template for your contracting business
Show steps
Create a customized invoice template to streamline your billing process and ensure professional presentation.
Show steps
- Choose an appropriate software or online tool for creating the template.
- Include essential elements like your business name, contact information, and invoice details.
- Customize the template with your logo, branding, and preferred layout.
- Test the template and make necessary adjustments before using it for actual invoices.
Create Financial Reports
Show steps
Explore the reporting features of QuickBooks to analyze your financial data and make informed business decisions.
Show steps
- Open The Reports Menu
- Navigate The Reports Menu
- Customize A Report
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