1099 Reporting for Contractors using a Credit Card

IRS Reporting Requirements for Third Party Payments on 1099-K or 1099-MISC

Construction Billing for Time in QuickBooks: An Overview

If you sell your employees’ time and skills, you can use QuickBooks to record those hours and bill your customers for them.

If your small business sells products, you know how precisely you must track your starting stock numbers, ongoing inventory levels, and your reorder points. QuickBooks provides tools to help with this process, but human factors can sometimes throw off your careful counts.

Sales Transactions in QuickBooks Online: An Overview

Your first transaction in QuickBooks Online was probably an invoice. But there are many others that you’ll want to know how to use especially if you are a Construction Company or a company that needs to bill it's clients for services that you sell.

You probably process more invoices than any other kind of sales transaction in QuickBooks Online. And it’s usually with a great deal of satisfaction that you create these forms, since it means that you’ll be getting paid for providing services or selling products.

Managing Users in QuickBooks Online

Unless you’re the sole user of QuickBooks Online in your company, you’ll need to know how to set up different access levels.

“Anytime, anywhere access” is one of the buzz-phrases people use when they describe the benefits of cloud computing. It’s probably one of the most compelling reasons why businesses subscribe to QBO. That, and the fact that you can have multiple employees working on it: three for Online Essentials and five for Online Plus (in addition to an accountant for each).

Customize QuickBooks’ Reports, Make Better Business Decisions

QuickBooks simplifies and speeds up your daily accounting work, but you’re missing out on valuable insight if you don’t tailor your report data for your Construction or Manufacturing business.

A Tour through QuickBooks' Payroll Setup Tool

Getting QuickBooks ready to process payroll is a complex, time-consuming process. Here’s what you can expect.
Payday. You look forward to it when you’re young and working at your first part-time job.

But as a grown-up who needs to start processing payroll for your employees, you probably anticipate it in a different way, perhaps even with a sense of dread. QuickBooks handles the real grunt work once you’ve done the initial setup, but those early hours you spend preparing to print your first paycheck can be challenging.

Accelerate Receivables Using QuickBooks Online

Keeping a positive cash flow is always a struggle for many businesses. Here’s how you can get customers to pay faster.
In a perfect world, customers would receive their invoices from you and remit them immediately.

You may have a diligent few who operate that way, but probably most everyone you do business with delays payment to improve their own cash flow.

There are steps you can take to speed up your incoming revenue. QuickBooks Online incorporates numerous ways to accomplish this.

Make a Statement in QuickBooks Online

You’re not required to use statements in QuickBooks, but they help bring unpaid amounts to the attention of your construction customers.

Collecting outstanding payments is probably one of your least favorite tasks as an accounting manager. QuickBooks Online helps you keep track of these debts in many ways, like through the Income Tracker and Collections Report.

Use Items to Improve Job Costing in QuickBooks

WIP Construction AccountingConstruction and Project Related Job Costing Starts with a simple item and for many contractors job costing is a key part of the success of their construction business – how else would they know if they are actually going to make a profit or break even on the jobs they are bidding on?

5 Ways You Can Use QuickBooks Income Tracker

The Income Tracker is one of QuickBooks’ more innovative features. If you’re not using it, you should be.

One of the reasons that QuickBooks appeals to millions of small businesses especially General Contractors in the Construction Industry is because it offers multiple ways to complete the same tasks, which accommodates different work styles. Say, for example, you wanted to look up a specific invoice. You could: