QuickBooks Setup For HVAC Contractors

QuickBooks Setup - By a QuickBooks expert in construction accounting to work specifically for contractors on whatever year and version of QuickBooks you own because we have worked with QuickBooks since it first arrived in the early 1990's in DOS.

Which QuickBooks Edition - Is right for you? It depends on your annual sales volume and what QuickBooks Reports you want to have.

QuickBooks Pro - Works well for all contractors with less than $250,000 annual volume because your QuickBooks Reporting needs are not great.

QuickBooks Premier Contractor - Is what we recommend for contractors with more than $250,000 annual volume currently or projected in the next 12 months. The difference in cost is very small compared to the potential value.

The Most Important - Part of QuickBooks Setup for contractors is having a QuickBooks expert with a deep background in construction accounting who understands what your particular construction company needs. Among other things you need a fast and easy way to monitor the financial health of your construction company. QuickBooks Premier Contractors Edition provides a running scorecard of Key Performance Reports and when used with Business Process Management Tools like what 10 minutes of waste costs their company.

Here Are Some Things To Consider:

1. You use QuickBooks to track all the costs and generate Complex Payment Applications Item Estimates vs. Actuals, Job Profitability Summary and Job Profitability Detail Reports to monitor progress so the QuickBooks setup is critical

2. Your Chart of Accounts is focused Goods Sold Accounts (COGS) to allocate project costs

3. Your QuickBooks expert can setup the Five Key Performance Indicators (KPI) to monitor the financial health of the business

4. Your QuickBooks setup will need 1,000 to 5,000 Items setup to track all the costs of the construction process from beginning to end in order to get the reports you need

5. QuickBooks Setup for a contractor business requires a mix of Direct, Indirect, COGS and only a few WIP accounts

6. The day to day input is also the second most difficult and to be done properly requires accounting staff with specialized training in construction accounting

7. Our experience has been that contractors in general can generate a stable income and is not as sensitive to the ups and downs of the new construction market

8. In order for you to reach their full potential of your business you will need an overall strategy including a Business Plan for Contractors

9. And of course Cheap Bookkeeping is the one area where short term savings is overwhelmed by making bad decisions based upon inaccurate QuickBooks reports

Having Used - A number of accounting programs over the years we believe when your QuickBooks setup is done correctly by a QuickBooks expert in construction accounting is the best, hands down, no contest!  For the construction trades the tiny amount of money difference between QuickBooks Pro and QuickBooks Premier Contractor Edition is worth the investment for the additional a Contractor Reports alone. Upgrading every year is a “no brainer” because of all the new features and if a contractor’s construction accounting staff only saves only 10 minutes a day the savings will more than pay for the program.

Our Mission - Is to “Help Contractors Achieve Their Definition Of Success”.

We Contract - With An Intuit Authorized Commercial Host Company that allows you, your staff and us to access your QuickBooks Desktop Version Online all at the same time.

This Short Video Describes Some Of What We Do

It Is Not Fancy But It Gets The Job Done!

Click Here For Phase Three Of Your Business Process Management Strategy