We Can Move Your QuickBooks Online To A QuickBooks For Contractors Desktop Version You Can Access Online!
Are you unhappy with QuickBooks Online but like the easy online access? We have a solution for you! We can move everything from inside QuickBooks Online into QuickBooks For Contractors Desktop version and provide you with easy online access.
Now you can have the best of both worlds, QuickBooks For Contractors Desktop with Online access! Call Now 206-361-3950 ask for Sharie or sharie@fasteasyaccounting.com
Contractors Using QuickBooks Online May Experience Some The Following Issues Which They Didn't Have With QuickBooks For Contractors Desktop Version!
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Limited Job Costing Reporting
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Limited Sales Tax Reporting
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Limited Custom Reports
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Limited Report Formatting
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Limited Detail On Reports
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Limited Filtering Of Reports
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Limited To One Window
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Limited Tech Support
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Limited 3rd Party Apps
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Slow Response Time
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Wasting Time Moving Between Windows
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Cannot Easily Link Multiple Companies
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Payroll Issues
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Importing multiple transactions
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Importing IIF Files
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Updating Chart of Accounts
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Work-In-Process (WIP) Reports
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No Inventory Reporting
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Problems With Retention Held Reports
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Problems With Retention Due Reports
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Purchase Order Tracking
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Job Progress Invoice Tracking
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Corrupted Trial Balance Reports
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Corrupted Financial Reports
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Cannot Create Item Reports
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Cannot Backup Before Performing Major Revisions
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Too Many People In The File
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QuickBooks Online Is Like A Doorknob Where Everyone Gets A Turn
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Not Enough Controls To Keep Amateurs From Really Causing Problems
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Tax Accountants in an effort to make QuickBooks online easier for them
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Pages Regularly Become Unresponsive The Program Needs To Be Restarted
QuickBooks Online is a great program for small companies including some non-profit organizations but it is not suited for a serious construction contractor with more than two projects a month and generating more than $500 a year in sales.
Most Construction Companies started using QuickBooks Online so they could get to their QuickBooks Pro or QuickBooks For Contractors file anywhere they have internet access 24/7.
We Can Move Your QuickBooks Online File Into Our Private Cloud Server And Provide You With The Full Power Of QuickBooks Desktop Version Online In The Cloud!
Access QuickBooks Desktop Version From Your PC or Mac
Highly Skilled Technicians Maintain The Software
And We Maintain Your QuickBooks File
Push A Button And Have
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Paperless System For You To Store, Print, E-mail Documents
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Microsoft Is On The Server For You To Use
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Microsoft Excel Is On The Server For You To Use
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Key Performance Reports Every Contractor Needs
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Cash Report anytime YOU want it!
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Receivables report anytime YOU want it!
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Payables report anytime YOU want it!
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Profit & Loss statement anytime YOU want it!
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Balance Sheet report anytime YOU want it!
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Job Costing report anytime YOU want it!
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Estimates Vs. Actuals report anytime YOU want it!
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Frequently Asked Questions And Answers Click Here
The Screenshots Below Were Taken In Our Lynnwood Washington Office
QuickBooks For Contractors Is Running Smoothly On Cloud Based High-Speed Servers 1,000+ Miles Away!
Tucked Securely In A Building With Armed Guards
With Highly Skilled Technicians Maintaining It
All QuickBooks Files Are Backed Up Every Night On A Secured Server
Access Windows QuickBooks Desktop Version From PC or Mac
English Speaking, U.S. Based Technicians Maintain The Server
QuickBooks Software Updates Are Automatically Applied
We Provide Your QuickBooks Maintenance And Support
Frequently Asked Questions And Answers Click Here
But Wait There's More!
Our Contractor Clients Have 24/7 Access To QuickBooks Contractor Financial Reports!
Just when you thought our special brand of outsourced contractor bookkeeping services couldn't possibly get any better...it does...yet again!
We provide professional contractor bookkeeping services primarily for construction company owners with annual sales volume $0 - $5,000,000 using the full desktop version of QuickBooks For Contractors which rests on an Intuit Approved Commercial Hosting Service.
On demand 24/7 internet cloud based access to your QuickBooks Reports including Profit & Loss, Balance Sheet, Receivables, Payables and more without having to own or open QuickBooks For Contractors!
Now Lets Examine The Differences Between Construction Accounting Vs. Regular Accounting
All Accounting Uses The Accounting Equation
Business Owners - Need three basic reports, Cash, Profit and Equity
Cash On Hand................(Bank Balance - Un-cleared Checks) = Cash
Profit And Loss Report.........................(Sales - Expenses) = Profit
Balance Sheet Report..........................(Assets - Liabilities) = Equity
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Regular Accounting - Is roughly 80% of all accounting and Accounting for businesses in the world. So it is practically the only thing taught in schools, colleges and universities.
This Type Of Accounting Is Used - Where customers comes to the place of business or at most you ship or deliver a packaged product. In essence you are selling a product or a service from a fixed location.
Regular Accounting Has These Things In Common:
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Sales - With 1-4 categories
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Cost of Goods Sold - If they sell products with 1-4 categories
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Expenses - Overhead required to maintain business operations
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Breakeven - Is fairly easy to calculate because there is a direct relationship between income and expenses on every item. It is easy to run reports to determine which items are profitable and unprofitable and make adjustments quickly as needed.
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Construction Accounting - Is roughly 15% of all accounting and Accounting with manufacturing making up roughly 5%. So it is given very little attention in schools, colleges and universities. What little of it I have seen makes me very upset because I see the damage caused to contractors making management decisions on inaccurate reports. The System Is The Solution
This Type Of Accounting Is Used - When the entire place of business is packed up and taken it to the customer. In essence you are selling, assembling, delivering and installing a customized product from a mobile shop on location. Think of it like shooting a movie on location without all the glamor, resources and money to go with it.
Construction Accounting Has These Things In Common:
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Sales - With 1-10 categories
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Cost of Goods Sold - Has Direct and Indirect Job Costs with 25 - 200 categories with 1,000s of sub categories
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Expenses - Overhead is extremely complex because some expenses in regular Accounting are actually Cost of Goods Sold in construction accounting
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Breakeven - Very difficult to calculate because most projects are one-of-a-kind custom jobs. Proactive contractors have systems and cost libraries with pre-priced assemblies for bidding which works in conjunction with Strategic Construction Accounting to provide management with progress invoicing, job costing and job profitability.
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Job Costing and Job Profitability Reporting - Is similar to the Company Profit and Loss report except that it is specific to each particular job and has different expense codes. These reports in combination with the Five Key Performance Indicators are what help the contractor understand which projects to pursue and which ones to ignore. They form the foundation of a Business Process Improvement Plan and Construction Business Strategy.
Shown Below Is A Short List Of Titles commonly used for construction accounting and regular accounting. The list is intentionally short in order to make the point without being completely overwhelming.
Construction Accounting Titles = 233
Regular Accounting Titles = 115
We Never Cease Being Amazed - When we find someone who is doing the Accounting for a contractor and other unrelated industries and treats the construction business like any other business.
Example #1 - The contractor asks the bookkeeper "How much money did we make on the John and Mary Doe house remodel?" The bookkeeper generates a report showing $5,000 profit when in reality it was a ($15,000) loss! QuickBooks setup was done like every other Accounting business and $20,000 worth of transactions was put in the wrong category. In this case some direct costs and some indirect costs were misallocated and not assigned to the job.
Example #2 - The contractor asks the bookkeeper "How much money did we make on the Bob and Sally house remodel?" The bookkeeper generates a report showing ($5,000) loss when in reality it earned $5,000 profit! QuickBooks was setup wrong and $10,000 worth of transactions was put into the wrong category. In this case some overhead costs were classified as direct costs and assigned to the job.
The Inevitable Result Is - The contractor makes bad decisions on what to bid and not to bid on and eventually runs out of time and money.
For More Information See QuickBooks Setup For Contractors
Professional Accounting Services At An Affordable Price
Profitable Construction - Companies have known about the value of outsourced bookkeeping services for a long time and now you know about it too!
QuickBooks Expert Specializing In Construction Bookkeeping Services
Profitable Construction - Companies have known about the value of outsourced bookkeeping services for a long time and now you know about it too!
About The Author:
Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. He is the leading expert in outsourced construction bookkeeping and accounting services for small construction companies across the USA. He is experienced as a Contractor, Project Management Professional and Construction Accountant and Intuit ProAdvisor. This combination of experience and skillsets provides a unique perspective which allows him to see the world through the eyes of a contractor, Project Manager, Accountant and construction accountant. This quadruple understanding is what sets him apart from other Intuit ProAdvisors and accountants to the benefit of all of the construction contractors he serves across the USA. http://www.fasteasyaccounting.com/randal-dehart/ to learn more.
