How to Use QuickBooks for a Construction Company

Posted on 10/05/2023 by Niko Venev

In the construction business, your work often requires attention to detail, and you should be able to give your company's finances the same amount of precision. But at many construction companies, finances are still done by punching numbers into a spreadsheet, which can be time-consuming and tedious. It can be a slog for staff to spend their time manually inputting numbers and balancing the books when there are so many other things around the office that need to be taken care of. There's no need to spend so much time and effort on this process, though, when there's a better way. With QuickBooks, you can take care of all of your accounting tasks more efficiently and effectively.

       

Live QuickBooks Instructor-led Courses

Course Title Length Price (USD)
QuickBooks Online Edition: Basic course 1 day $445
QuickBooks Desktop Edition: Basic course 1 day $445
QuickBooks Desktop Edition: Advanced course 1 day $445
QuickBooks Desktop - Combo (Basic & Advanced) 2 days $810
       

Self-Paced QuickBooks eLearning

Course Title Length Price (USD)
QuickBooks Online and Desktop Bundle 9 courses $300

How Can a Construction Company Benefit From Using QuickBooks?

QuickBooks simplifies your workflow in a variety of ways. The most obvious benefit of using QuickBooks for a construction company is that it's a powerful piece of accounting software that can help you to keep track of labor costs, time spent at job sites, and material expenses, so you can track how profitable each job is and easily see how your company's finances are looking. This information can then be used to create more accurate estimates for new jobs. You can also use QuickBooks to set up recurring invoices, process payments, issue purchase orders, and send invoices and payment reminders to customers. And you can also keep tabs on all of your important tax information in QuickBooks, including W-4s and W-2s for your employees and W-9s and 1099s for contractors and subcontractors.

QuickBooks can also help you keep your projects on schedule. With QuickBooks Time, you can schedule jobs, keep tabs on what workers are doing, and dispatch staff to different job sites with ease. You can even use GPS tracking to prompt workers to clock in and out when they enter and leave a job site and to see which teams are closest to the next job site, allowing you to deploy staff more efficiently. Everyone will know what they're supposed to be working on and be able to receive updates in real time, which is great for construction crews that are constantly on the move.

 

Which QuickBooks Is Better for Construction Businesses?

QuickBooks Contractor was created specifically to fill the need for construction-specific accounting software, making it the best version to use for construction businesses. This version of the software includes features like:

  • Viewing all open purchase orders by vendor
  • Tracking estimate changes in open jobs
  • Moving estimates to quotes
  • Creating customized sales forms
  • Tracking mileage
  • Managing supply inventory
  • Full expense visibility for expenses that aren't tied to specific jobs
  • Preparing and filing 1099s

 

Learn How to Use QuickBooks for Construction Companies With Certstaffix Training

QuickBooks is a great option for construction companies looking to make in-house accounting easier than ever, but this full-featured software can be challenging to master. However, taking a QuickBooks training class from Certstaffix Training can help to make the learning curve much less steep. In fact, with our instructor-led, hands-on training courses, you can learn everything you need to know in just one day! All of our classes are designed by experts to convey the material as efficiently as possible, so you can spend less time in training and more time applying the skills you've learned to make your life easier. Enroll today and choose either live instruction or our self-paced option. Either way, you'll be able to get the skills you need to feel confident in using QuickBooks to handle the accounting for your construction company.

 

Certifications:






Related QuickBooks Posts:

Public instructor-led QuickBooks course prices start at $445 per student. Group training discounts are available.

Self-Paced QuickBooks eLearning courses cost $300 at the starting point per student. Group purchase discounts are available.







 

Start your training today!