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Buy this complete title here: https://goo.gl/uJjxSj 68.50CONTRACTOR'S GUIDE TOQuickBooks 2015Karen MitchellCraig SavagenlinePreview OFREE DO WNLO AD includes:Sample & Company files Craftsman Book Company6058 Corte del Cedro / Carlsbad, CA 92011Buy similar Craftsman Book Co. titles here: https://www.Craftsman-Book.com
Buy this complete title here: https://goo.gl/uJjxSjAcknowledgmentseviewThe authors wish to express their thanks to Tina Svalina and Laurence Jacobsfor all the work they did to get this book in your hands.Looking for other construction reference manuals?OnlinePrCraftsman has the books to fill your needs. Call toll-free 1-800-829-8123or write to Craftsman Book Company, 6058 Corte del Cedro, Carlsbad, CA 92011 fora FREE CATALOG of over 100 books, including how-to manuals,annual cost books, and estimating software.Visit our Web site: http://www.craftsman-book.com 2015 Craftsman Book CompanyISBN13: 978-1-57218-304-9Text update edited by Tina SvalinaCover design by John WincekBuy similar Craftsman Book Co. titles here: https://www.Craftsman-Book.com
Buy this complete title here: https://goo.gl/uJjxSjContents4 ItemsQuickBooks Company67Entering Items for a Non-InventoryBased Business . . . . . . . . . . . . . . . . . . . . . . . . . . . .68Entering Items for an InventoryBased Business . . . . . . . . . . . . . . . . . . . . . . . . . . . .70Creating a Group of Items . . . . . . . . . . . . . . . . . . .72Entering Non-Job-Related Items . . . . . . . . . . . .73Pr1 Setting Up Your55The Chart of Accounts . . . . . . . . . . . . . . . . . . . . . .55How to Use the Sample Chart of Accounts . . .57Change, Add to, and Print YourChart of Accounts . . . . . . . . . . . . . . . . . . . . . . . . .63wWhy You Need This Book . . . . . . . . . . . . . . . . . . . . .52015 New Features . . . . . . . . . . . . . . . . . . . . . . . . . . .6One Click Create . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9QuickBooks Pro, Premier andEnterprise Editions . . . . . . . . . . . . . . . . . . . . . . . .13QuickBooks Premier ContractorEdition Features . . . . . . . . . . . . . . . . . . . . . . . . . . .13What You Can Expect from This Book . . . . . . . .21Why Should You Believe Us? . . . . . . . . . . . . . . . .22What Does the Download Include? . . . . . . . . . .23How to Download . . . . . . . . . . . . . . . . . . . . . . . . . .23Removing the Installed Files . . . . . . . . . . . . . . . .243 Chart of Accountsie5evIntroduction25OnlineGetting Started . . . . . . . . . . . . . . . . . . . . . . . . . . . .25QuickBooks Company Files . . . . . . . . . . . . . . . . . .25Begin With Our Sampleand Company Data Files . . . . . . . . . . . . . . . . . . .26Upgrading an Old QuickBooks Companyto Version 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . .30Converting a Quicken Company Data Fileto QuickBooks . . . . . . . . . . . . . . . . . . . . . . . . . . . . .32Converting an Existing QuickBooks 2015Company Data File to Our Setup . . . . . . . . . . .332 How to SetQuickBooks Preferences35General Preferences . . . . . . . . . . . . . . . . . . . . . . . .36Accounting Preferences . . . . . . . . . . . . . . . . . . . . .37Bills Preferences . . . . . . . . . . . . . . . . . . . . . . . . . . . .38Checking Preferences . . . . . . . . . . . . . . . . . . . . . . .39Finance Charge Preferences . . . . . . . . . . . . . . . . .41Items & Inventory Preferences . . . . . . . . . . . . . .43Jobs & Estimates Preferences . . . . . . . . . . . . . . . .44Payroll & Employees Preferences . . . . . . . . . . . .44Reminders Preferences . . . . . . . . . . . . . . . . . . . . . .46Reports & Graphs Preferences . . . . . . . . . . . . . . .47Sales & Customers Preferences . . . . . . . . . . . . . .47Sales Tax Preferences . . . . . . . . . . . . . . . . . . . . . . .49Send Forms Preferences . . . . . . . . . . . . . . . . . . . .49Service Connection Preferences . . . . . . . . . . . . .50Spelling Preferences . . . . . . . . . . . . . . . . . . . . . . . .51Tax: 1099 Preferences . . . . . . . . . . . . . . . . . . . . . . .51Time & Expenses Preferences . . . . . . . . . . . . . . .525 Payroll Items77Your Payroll Items List . . . . . . . . . . . . . . . . . . . . . . .77Adding and Linking Payroll Items . . . . . . . . . . .79Including Sole Proprietor and Partners’Time Costs in Job Costs . . . . . . . . . . . . . . . . . . . .836 Classes91Using Classes to Track Cost Categories . . . . . . .91How to Create a Class . . . . . . . . . . . . . . . . . . . . . . .927 Customers and Jobs95How to Set Up a Customer . . . . . . . . . . . . . . . . . .95Adding a Job for a Customer . . . . . . . . . . . . . . . .99Exporting or Printing Your Customer List . . .1028 Vendors and Subcontractors 103Setting Up 1099 Vendors . . . . . . . . . . . . . . . . . .103Setting Up a Non-1099 Vendor . . . . . . . . . . . . .1069 Employees109Setting Up Your Employee List . . . . . . . . . . . . .109Setting Up a Sole Proprietor/Partner(Employee) Card . . . . . . . . . . . . . . . . . . . . . . . . .116Buy similar Craftsman Book Co. titles here: https://www.Craftsman-Book.com
Buy this complete title here: https://goo.gl/uJjxSj10 Opening Balances117Entering Opening Balances inQuickBooks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .117Entering Invoices for Accounts Receivable . .118Entering Bills for Accounts Payable . . . . . . . . .120Beginning Job Balances . . . . . . . . . . . . . . . . . . .12116 Using QuickBookson a Cash Basis193How to Record a Check . . . . . . . . . . . . . . . . . . . .194How to Record a Deposit . . . . . . . . . . . . . . . . . .198Checking Your Transactions with theQuickBooks Register . . . . . . . . . . . . . . . . . . . . . .199123Setting Up Your Office Files . . . . . . . . . . . . . . . .124Organizing Your Payroll . . . . . . . . . . . . . . . . . . . .128Keeping Office Paperwork Current . . . . . . . . .12817 Reports201How to Customize Reports . . . . . . . . . . . . . . . . .201w11 Organizing Work FlowUsing Our Memorized Reports . . . . . . . . . . . . .205Using Reports in QuickBooksPremier Contractor Edition . . . . . . . . . . . . . . .22918 End of Month andPrUsing a Summary Estimate You MakeOutside of QuickBooks . . . . . . . . . . . . . . . . . . .132Customizing an Estimate Form . . . . . . . . . . . . .134Memorizing an Estimate . . . . . . . . . . . . . . . . . . .134Estimates and Progress Invoicing . . . . . . . . . .137Getting Detailed Estimates . . . . . . . . . . . . . . . . .137Using Jobs, Time & Mileage Reports . . . . . . . .222ie131ev12 EstimatingEnd of Year Procedures13 Receivablese13914 PayablesOnlinFour Ways to Invoice a Customer . . . . . . . . . . .140Tracking Change Orders on Estimates . . . . . .150How to Handle Retainage . . . . . . . . . . . . . . . . . .152Recording a Payment You Receive . . . . . . . . . .157Recording a Deposit . . . . . . . . . . . . . . . . . . . . . . .158Recording a Job Deposit . . . . . . . . . . . . . . . . . . .159163Creating and Using Purchase Orders . . . . . . .164Using Purchase Orders to Track MultipleDraws and Committed Costs . . . . . . . . . . . . . .166Entering Bills Without Purchase Orders . . . . .169Entering Bills for Overhead Expenses . . . . . . .171Selecting Bills for Payment . . . . . . . . . . . . . . . . .172Printing Checks . . . . . . . . . . . . . . . . . . . . . . . . . . . .173Vendor Workers’ Comp Reports . . . . . . . . . . . .174233End of Month Procedures . . . . . . . . . . . . . . . . . .233Reading and UnderstandingYour Financial Reports . . . . . . . . . . . . . . . . . . . .242End of Year Procedures . . . . . . . . . . . . . . . . . . . .245Back Up Your Data Files andClose the Year . . . . . . . . . . . . . . . . . . . . . . . . . . . .24919 Real Estate Development251New Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . .251Setting Up a Development Job . . . . . . . . . . . .252Using Items to Track ConstructionCosts as WIP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .253Land Purchase Transactions . . . . . . . . . . . . . . . .255Personal Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . .258Development Loans . . . . . . . . . . . . . . . . . . . . . . .26415 Payroll179Entering a Timesheet . . . . . . . . . . . . . . . . . . . . . .179Processing Employee Payroll . . . . . . . . . . . . . . .182Allocating Sole Proprietor or Partner’sTime to a Job . . . . . . . . . . . . . . . . . . . . . . . . . . . .188Construction Loans . . . . . . . . . . . . . . . . . . . . . . . .268Recording the Sale of a Property . . . . . . . . . . .270Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .273Index . . . . . . . . . . . . . . . . . . . . . . . . . . .275Buy similar Craftsman Book Co. titles here: https://www.Craftsman-Book.com
Buy this complete title here: https://goo.gl/uJjxSjieWhy You Need This BookwIntroductionePrevThree years ago we released Contractor's Guide to QuickBooks 2012,because there had been significant improvements made to QuickBookssince the previous edition. Now, in this 2015 edition, we show three yearsof new features and improvements that will apply in a construction office.If you're running QuickBooks 2013, 2014 or 2015, this manual will guideyou to and through these new features, helping eliminate the need for multiple programs, reduce data entry, and automate many tasks right inside ofQuickBooks. This program is robust, and if you learn how to use all the features, you can streamline your processes, run a more efficient office and usethe time saved to manage projects and increase revenue.nlinSome of the new features found since the 2012 release are: Income Tracker, for at-a-glance A/R detailsO Enhancements to the Customer, Vendor and Employee Centers Enhancements to Purchase Orders, Enter Bills, Estimates, Invoicesand Sales Receipts Support for multiple email attachments and customizable emailtemplates Bank feed pulls that support more than one bank or account. Feedscan be categorized and sorted for your tax records. A tracker for all income records, including overdue invoices A bounced-check tracker Quick one-click reporting optionsThe customizable left side menu makes navigation faster too. Note thatthe 401 (K) service is no longer available but a new Health Service can befound in HR Essentials.If you haven't seen the more-recent releases, those upgrades included: Lead Center - for tracking and managing sales leads. Calendar - see at a glance what's due to be paid, due to be receivedfrom customers, and what you have on the To Do list.Buy similar Craftsman Book Co. titles here: https://www.Craftsman-Book.com
Buy this complete title here: https://goo.gl/uJjxSjIntroduction Batch Timesheets - for those crews or field employees with similartimesheets. Enter Memorized Transaction - feature enhancements make it easierto batch-process monthly recurring bills. One Click Create - the next big thing is the One Click Create buttonthat Intuit added to QuickBooks in 2012. Once you get used to it,you'll wonder how you managed without it. Improved Excel Integration - Automatic updating of data fromQuickBooks to your customized Excel reports.eviewWe've described each of the features listed above (and a few more) indetail later in this section. We've covered the features in the last three releases in later chapters. You'll find QuickBooks has more features than we'velisted, but the ones we bring to your attention are the features most usefulto those in the construction business.ePrIn the Recent Features section is information describing the differentversions of QuickBooks — including Pro, Premier Contractor Edition, andEnterprise. This book is designed for all 2015 versions of QuickBooks,including Pro, Contractor, Accountant, and Enterprise. If you have a different version, you might want to read through that section to learn about theadditional features built into that edition.OnlinIf you're using a version of QuickBooks older than the 2015 edition,you'll find the illustrations look different from those your program displays,because QuickBooks has given the software a largely cosmetic makeover inthis release. But the information is mostly the same, with some changes inprocedures from past years. Many new features were added in 2012, andmore enhancements followed in 2013, 2014 and 2015. If you're using versions from 2003-2011, you won't have all the options. Discovering the latest features and enhancements covered in this book may inspire you toupdate to a newer issue of the program.Your next question might be “Which version should I buy: Pro,Contractor or Enterprise?” The answer to that question is another question:Do you have the additional 100 per user for Premier Contractor Editionor an extra couple thousand for Enterprise? If so, get the upgrade. They’reworth the additional expense. But if you’re on a budget and don’t need thefeatures we describe in that section, save your money. You can alwaysupgrade in the future. For now, buy Pro. Chances are it will take you a couple of years to outgrow it.6Contractor’s Guide to QuickBooksBuy similar Craftsman Book Co. titles here: https://www.Craftsman-Book.com
Buy this complete title here: https://goo.gl/uJjxSjIntroductionIntro-1eviewThis is an example of alead who called in to getmore information aboutthe business. All theinformation for the leadis tracked along with anice To Do list at thebottom.eOnlinThe calendar view helpsyou keep track of yourbookkeeping andaccounting-related items,as well as the leadtracking To Do lists. Youcan sort it by specifictypes of transactions (atthe top).PrIntro-2Recent FeaturesLead CenterThe Lead Center makes it easy to track your sales leads, summarize conversations in notes, and manage tasks on your To-Do list. When a leadbecomes a customer, you can transfer the contact information into theCustomer Center with one click. Set the status of your leads as Hot, Warmor Cold. Filter leads by Active, Conv
Enterprise. This book is designed for all 2015 versions of QuickBooks, including Pro, Contractor, Accountant, and Enterprise. If you have a differ-ent version, you might want to read through that section to learn about the additional features built into that edition. If you're using a version of QuickBooks older than the 2015 edition,File Size: 1MBPage Count: 40
