QuickBooks For Contractors
4.4 (160 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,903 students enrolled

QuickBooks For Contractors

Everything That Any Type Of Contractor Would Need When Using QuickBooks
4.4 (160 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,903 students enrolled
Created by Mark Smolen
Last updated 6/2019
English
English [Auto-generated]
Current price: $27.99 Original price: $39.99 Discount: 30% off
5 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 4.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Perform Every Related QuickBooks Task That A Contractor Company Would Need
  • Manage Estimates, Change Orders And Progress Invoicing
  • Input Job Costing Information In To Checks And Bills From Vendors
  • Reimbursable Expenses
  • Mark Checks And Bills As Billable
  • Input And Manage Time Sheets, Time Slips And Mileage Documnets
  • Calculate Salary Per Job (or by job)
Requirements
  • Basic Computer Knowledge
  • Uderstand What A Contractor Does
Description

This QuickBooks training course will show you every possible thing that QuickBooks can do for a contractor company. You will learn in QuickBooks how to:

Set up a QuickBooks Contractor file

Input The Specific Chart of Accounts That A Contractor Would Need In QuickBooks

Manage And Customize The Icon Bar

Set Up And Manage The QuickBooks Items List For Contractor Use

Set The QuickBooks Preferences For The Options And Settings That Contractors Need

Create Estimates From Contracts, Create Invoices From Estimates

Use "Progress Invoicing", To Track The Progress Of Jobs

Create And Manage Change Orders

Record Receiving Deposits From Customers / Clients

Find Everything Put In To The File

Determine Profit Or Loss By Job

Bill Customers For Reimbursable Expenses

Track Workers Time And Mileage By Job

Calculate Salary Expenses Per Job

Record Retention Withholdings and Bill For Retention Payments

Cost Per Item Unit For Materials Used


These features in QuickBooks can be used for any other type of company that needs to: Track time and mileage by job, allocate cost by job and use the percentage of completion method of progress invoicing.

This unique QuickBooks learning tutorial even includes videos for Contractor's 'retention" and shows how to account for and bill for retention at the end of a contract.

There are 'follow along files” for each lecture so you can follow step by step. This makes learning QuickBooks Easy and fun.

The course is made with QuickBooks desktop for windows. However, the ideas apply to QuickBooks online as well as QuickBooks for Macintosh and Enterprise Solutions.

I'm right here for you if you have any questions or need support. I hope you learn well and enjoy the course!

-Mark



Who this course is for:
  • Any Contractor who needs to keep her/his own records in QuickBooks
  • Anyone who needs to know any contractor related features in QuickBooks
  • Anyone who needs Percent of Completion Progress Invoicing for thier business
  • Anyone who Subcontracts to people and tracks their time by job
  • Any Contractor that bills clients for specific costs and lists those costs on their invoices
  • Any Contractor who needs to track "Retention" from each invoice until the project is complete
Course content
Expand all 26 lectures 04:17:57
+ Estimates change orders and progress invoicing - income section
16 lectures 02:18:32

This QuickBooks training course will show you every possible thing that QuickBooks can do for a contractor company. You will learn in QuickBooks how to:

Set up a QuickBooks Contractor file

Input The Specific Chart of Accounts That A Contractor Would Need In QuickBooks

Manage And Customize The Icon Bar

Set Up And Manage The QuickBooks Items List For Contractor Use

Set The QuickBooks Preferences For The Options And Settings That Contractors Need

Create Estimates From Contracts, Create Invoices From Estimates

Use "Progress Invoicing", To Track The Progress Of Jobs

Create And Manage Change Orders

Record Receiving Deposits From Customers / Clients

Find Everything Put In To The File

Determine Profit Or Loss By Job

Bill Customers For Reimbursable Expenses

Track Workers Time And Mileage By Job

Calculate Salary Expenses Per Job

Record Retention Withholdings and Bill For Retention Payments

Cost Per Item Unit For Materials Used


These features in QuickBooks can be used for any other type of company that needs to: Track time and mileage by job, allocate cost by job and use the percentage of completion method of progress invoicing.

This unique QuickBooks learning tutorial even includes videos for Contractor's 'retention" and shows how to account for and bill for retention at the end of a contract.

There are 'follow along files” for each lecture so you can follow step by step. This makes learning QuickBooks Easy and fun.

The course is made with QuickBooks desktop for windows. However, the ideas apply to QuickBooks online as well as QuickBooks for Macintosh and Enterprise Solutions.

I'm right here for you if you have any questions or need support. I hope you learn well and enjoy the course!

-Mark

Preview 04:07

You will see what defaults, settings and options you must have in the preferences window when setting up QuickBooks for Contractor use

contractor preferences
07:43

You will put shortcuts in the Icon Bar for the windows that contractors usually use. Some of the shortcuts are Customized Reports that contractors need

contractors icon bar
13:03

There are specific Accounts in the chart of accoutns that contractors need. You will learn what the chart of accounts is and how contractors use it

contractors chart of accounts
12:03

You will see what items a contractor needs and how to use the items list for a contractor business

contractor items
05:51

We will explore the contractor file that is set up for you. We will finish the set up for things that are specific for contractors

Preview 07:12

We will learn what "jobs" are and how to set them up and manage them

Preview 06:32

We will learn how to customize QuickBooks transaction documents to fit the needs of a contractor.

Customizing the transaction and event documents
04:18

We will learn how to create estimates for clients and how this effects the financial reports

Create estimates
08:08

We will see "progress invoicing" in action and see how to match the estimates with the invoices 

Making Invoices from estimates
06:51

We will see how invoices from estimates effects the reports that show the percent completion of a job

Progress invoicing
09:40

We will learn how to record receiving payments from clients

Receiving Payments from clients
09:58

We will learn how to record "advanced" payments from clients such as "deposits" or "down payments"

Advanced payments from clients
11:17

We will learn how to record and manage change orders

Change orders
10:50

This video will show you how to find anything you put in to the file

Finding things in the contractor's file
13:44
+ Expenses section for contractors
10 lectures 01:59:25

You will learn how to find the profit and loss for each job. You will leanr how to track expenses by job

JOB COSTING
14:36

You will learn how to bill clients for reimbursable expenses

Billable expenses
07:40

You will learn how to change the default behavior (settings) of billable options in the prefernces window so that quickbooks will bill the way you want.

Changing Billable defaults
12:51

You will learn how to charge a client more than what you paid for reimbursable expenses.

Markups for reimbursable expenses
12:31

You will learn how to bill clients for items that are from the items list

Billing Clients for ITEMS
08:41

You will learn how to record and manage workers time by using time slips

Time slips
14:51

You will learn how to record and manage workers time by using time sheets

Time Sheets
09:45

You will learn how to record and manage workers vehicle mileage driven for a particular job

Milage
14:55

You will learn how to allocate your workers salary checks so you will know how much it cost you for each worker on each job

calculating salary per job
04:38

This is a special video that shows the "Mark Smolen" method of handling Retention. Retention is a small amount withheld from each invoice until the end of the job. This video will show you how to adjust your invoices for retention and even show you how to bill for retention to your clients.

There is no follow allong file for this video

Retention
18:57