Quickbooks for Contractors

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QuickBooks for Contractors

The QuickBooks for contractors is useful and beneficial as it is one of the QuickBooks products and is specially made for the contractors. In this, there are all the things reports, fields, and more are only according to the contractors that are customizable. Here you can easily track, manage, and pay your expenses, taxes, profit, and losses easily. The reports are specific according to the contractors and their requirements to make it easier and time-saving for them. 

Here is the overview of the QuickBooks for Contractors:-

  1. Manage Contractors- when you send the request to the sub-contractors in the QuickBooks they add their W-9 forms ad information of the tax ID. Save time and stay cooperative on all the 1099s.
  2. Manage the job cost- For every project; you can easily track the expenses and the time easily. The full job cost reports for you and also the profit that you are getting in the project. This helps in seeing yourself via a report that where you stand.
  3. Must be ready for the tax- the income and expenses are organized easily in the categories of tax. You have to share the data with the accountant or export the documents at the time of tax.
  4. Automate accounting tasks- you don’t need to do any paperwork. The data automatically synchronize to your device and all the accounting tasks are handled by the QuickBooks itself for you.

The features that you get in the QuickBooks for Contractors

Organize and capture ReceiptsEstimates can be send
1099 contractors are manageableWorkflows are automate
Track time, inventory and profit of a projectBills are manageable
Access is customized by roleYou can add up to 5 to 25 users accordingly
Track the sales tax and sales alsoDedicated account manager
The reports are run comprehensivelyTax deductions are maximize
Income and expenses are trackedInvoice and accept payments
Company data can be restoredBusiness insights and analytics
Online training is on-demandEstimates, scheduling can be done easily
Advanced tools for job costingThe Chart of Accountants is customizable

New and improved things in the contractor edition

Improved things are:-

  • E-invoicing-great way of recording the payments and sending the invoices. Now the invoices are emailed with the pay now link to the customers. The completed payments are added automatically to the record in your account.
  • Great tools for accountants also available for you- write off the invoices that are outstanding as the bad debt, the list can be managed more easily and actively with the review option.

New things are:-

  • Industry-specific report bundles- Now you don’t need to find your kind of report from 100s of reports. Here you got the specific report just for you. The reports are bundled that is required by the contractors only.
  • Payment screen search options- Now you don’t need to go through many transactions. You can easily search by sorting the column using payment, date, order amount, amount due, and order quantity easily. It saves you time.

The fields in the construction reports added specially

  • Job Status
  • Open Purchase Orders by Vendor
  • Cost-to-Complete
  • Job Costs by Job
  • Expenses Not Assigned to Jobs
  • Unpaid Bills by Job
  • Billed/Unbilled Hours by Person and Job

How to contact us?

For more information about QuickBooks for Contractors, you can easily get in touch via QuickBooks Customer Helpline Number +1800-816-6849, send the email at [email protected], or do a live chat with experts. The members of the team have many years of experience so they understand all your situations and provide you the best solution and information. The team is available 24/7 hours to help you in resolving all your glitches.

Further Reading

Post Written by

Daniel Tough is a Content expert @ Bigxperts.com with over 7 years of experience who writes blogs on Accounting & Accounting Softwares. He’s an organizer for SEO Meetup & SEO Conference. Daniel regularly writes informative articles on Accounting & Accounting Software integration with various third-party apps.

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