How to Do Journal Entries When Job Costing in QuickBooks for Contractors

You may have discovered that Journal Entries in QuickBooks don’t work for recording job related costs because you don’t have access to the Item list from the Journal Entry form.  If you record a job-related transaction in QuickBooks with the Journal Entry form, you’ll see a line item on your job-cost reports that say “no…

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QuickBooks Engineering Firm Project Status Workaround

When working with Engineering firms, I’ve learned that oftentimes, they are more interested in reports that show the accrued time to date at the billing rate, rather than at actual labor cost. Unfortunately, although QuickBooks provides fantastic job-cost reports for Contractors, there is a limitation in QuickBooks in regard to project time or estimate vs.…

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Free QuickBooks For Contractors Recorded Webinar

In this hour-long recorded Webinar, I walk you through the key elements of Job-Costing in QuickBooks for Contractors. It’s long and the sound quality isn’t the best, but it’s packed full of incredible information about Setting up your QuickBooks for job-costing, Estimating, Invoicing and more! Love to learn more about Job Costing in QuickBooks for…

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QuickBooks for Contractors Tip – Job Cost and Lump Sum Invoicing

Progress Billing Solution for Sub-Contractors and Lump Sum Draws. QuickBooks™ Premier Contractor Edition offers many options for invoicing and includes a pretty flexible Progress Invoicing feature. However, the Progress invoicing feature is definitely geared more toward line-item billing for General Contractors. Specialty and many General Contractors run up against a customer billing issue when attempting…

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Handling Customer Deposits in QuickBooks

Many businesses who receive deposits (pre-payments) from customers are not aware of how to process these payments properly. One  mistake I see often is receiving a payment and leaving the payment “unapplied” to anything until some later date when an invoice is created.  This process wreaks havoc with your Accounts Receivable and can have serious…

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