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Common Issues With Accounts Payable

It is easy to put transactions in Accounts Payable (A/P) Aging Summary, and them forget about them. When writing a check from the checking QuickBooks does not automatically go look to see if you put something in Accounts Payable. Sometimes Accounts Payable will have transactions in Accounts Payable that do not belong there.

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Topics: QuickBooks For Contractors, Construction Bookkeeping, KPI, accounts receivable for contractors

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Challenges Of Keeping Accounts Receivable Simple And Up To Date

Creating an invoice for the entire project seems like it is the simple way to track payments and have the current balance. The harsh reality is that if all of the work is NOT done Accounts receivable is reflecting a balance due that is NOT REAL.

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Topics: QuickBooks For Contractors, Construction Bookkeeping, KPI, accounts receivable for contractors