QuickBooks for Contractors

Posted on 03/01/2024 by Niko Venev

Contractors, especially construction workers who run their own business, face unique and variable business challenges. Any deviation from staying profitable, managing employees in the field and producing accurate costs and estimates can significantly threaten their bottom lines. For business owners of this type, the Contractor edition of QuickBooks Enterprise can act as a welcome lifeline.

       

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

Estimating Costs

Those who rely on estimating costs, such as construction workers, often consider QuickBooks Contractor to be an indispensable part of their professional dealings. Business owners can quickly give potential clients ballpark estimates for projects and easily follow up with more accurate quotes with this version of QuickBooks. For contractors, this advantage can help them beat out the competition when bidding for jobs and win over hesitant clients with detailed breakdowns for projects.

 

Staying Flexible and Mobile With QuickBooks for Contractors

The company behind QuickBooks Contractor understands that the needs of a business that is mobile or nationwide requires certain tools to keep operations running smoothly. That's why it offers a Field Service Management tool that helps users remotely manage contractors. Business owners can keep an eye on the day's schedule, receive updates and make instant changes to it, if needed. Contractors can also have access to perks, such as directions when traveling, and pertinent information about current and past work orders.

In addition, contractors can invoice clients without having to relay information to an office. Payments can also be processed on-site. These activities are facilitated by QuickBooks Contractor. Desktop users who prefer to take their businesses mobile may find the program to be especially accessible through cloud access.

 

Accurately Track Costs and Hours

The Contractor edition of QuickBooks can simplify accounting tasks. With this software, contractors can easily keep track of costs, specify hourly rates for different contractors, and make estimates. Its accuracy with financials and its ability to track changes improves the profitability of contractor jobs. Employees often appreciate that they can track their project hours online using this software.

 

Payroll Benefits

QuickBooks Contractor Desktop can also be used to streamline your payroll processes. You can take advantage of QuickBook's integrated Payroll option and pay your contractors using Direct Deposit or opt to print paper checks for those contractors who prefer traditional payment methods. In addition, QuickBooks helps reduce payment errors by accurately tracking the costs of jobs, items and other relevant data. The software can even make preparing for tax season easy, as it allows for a convenient way to create 1099 forms and electronically sends them to both the Internal Revenue Service (IRS) and your contractors.

 

Plan for the Future

If you're interested in maximizing your profits, you can run reports that will give you the information that you need to understand what's happening within your business and how it may continue to operate in the future. For instance, you may be able to compare estimated costs to actual costs, which can help you better plan for similar, upcoming projects. In addition, the software can be integrated with as many as 200 related business apps. This capability can be advantageous for larger businesses or corporate entities that use complex tools, such as Salesforce, to support their companies.

 

Improve Profitability

QuickBooks Contractor gives users several ways to ensure that their businesses remain profitable. It can track every phase of a job and apprise business owners if costs will be overrun, allowing contractors the ability to scale back, cut costs or reconvene with clients. For business owners that are interested in providing specializations or who simply want to be as successful as possible, the program can even highlight areas in a company that are the most profitable so that contractors can choose to focus on offering those services over others.

 

Sign up for QuickBooks Training

At Certstaffix Training, we understand just how essential it is for anyone who owns or works for a business to learn how to use QuickBooks. It can be even more important for those who work for themselves, like those in the construction business, to understand the features of Quickbooks Contractor. Desktop or Online QuickBooks certification can be obtained through Intuit, but our comprehensive QuickBooks Desktop Certification classes and QuickBooks Online courses can help prepare you for your exam. Our training modules are taught by a live instructor and teach students the basic and advanced skills that they'll need to utilize QuickBooks like a professional.

 



 


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







 

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