QuickBooks Setup For Handyman Contractors
Two Ways To Setup QuickBooks For Your Handyman Contracting Company Do-It-Yourself Or Done-For-You
Option #1 Do-It-Yourself
Go to Fast Easy Accounting Store and choose between QuickBooks Setup Template for Handyman and QuickBooks Chart of Accounts and follow the simple video instructions to install it into your QuickBooks. Or you can have us do the installation for you Click Here
Our QuickBooks Setup And QuickBooks Chart Of Accounts for your Handyman Contractor Company were handcrafted by a team of highly qualified Construction Accountants and Project Management Professionals for Handyman Contractors like you using QuickBooks Desktop.
Are You Frustrated With QuickBooks?
Are you sick and tired of trying to figure out how to get the paperwork into QuickBooks?
Have you had it with trying to get QuickBooks to come up with Sales Tax Reports, Profit & Loss Reports, Job Costing Reports that make sense?
If you said yes to any one of these questions, then chances are your QuickBooks was not setup correctly. If you used the EZ Step Interview inside QuickBooks, then you have a problem.
That Chart of Accounts Is Designed To Sell QuickBooks
Not For You To Use QuickBooks
This QuickBooks desktop template was handcrafted by a team of highly qualified Contractors, Construction Accountants and Project Management Professionals for Handyman Contractors like you who are using QuickBooks Desktop with 0 employees.
The EZ Step Interview Chart of Accounts only has 33 accounts and does not include:
- Fixed Asset Accounts for track truck and van purchases.
- Other Asset Accounts for Security Deposits, Notes Receivable and Retention.
- Credit Card Accounts to keep track of what you are purchases and payments.
- Other Current Liabilities Accounts to record Loans and Customer Job Deposits.
- Long Term Liabilities Accounts to record and track Truck and Van Loans, Back Taxes, and Notes Payable.
- Equity Accounts to record and track "Owners Time On Jobs" for Job Costing purposes.
- Income Accounts to record and track Change Orders, Reimbursed Costs, Overhead & Profit, Markup, Refunds, Mileage, and Discounts.
- Cost of Goods Sold Accounts to record and track Labor, Disposal Fees, Vehicle Costs, Small Tools, and Depreciation.
- Expense Accounts to record and track Marketing, Technology, Travel and Entertainment, Shop Rent, and Personal Development Seminars, Books, DVD, and Online Training.
- Other Income Accounts to record and track money that comes into your business but not directly related to Handyman Contractor work. For example Gain on Sale of Assets, Trade Discounts, Fee Income, Bonus From Customer, Scrap Metal, Interest Income, and Rebates.
- Other Expense Accounts to record and track money that comes into your business but not directly related to Handyman Contractor work. For Example Loss on Sale of Assets, Credit Card Interest, Loan Interest, Penalties, Late Fees.
Our Handyman Contractor QuickBooks Desktop File has all of these and more and it includes a lot of time-saving enhancements Fast Easy Accounting uses to support our Outsourced Handyman Contractor Bookkeeping Clients.
It is Fast And Easy to setup QuickBooks using our proprietary QuickBooks template file. Your purchase comes with access to Step-By-Step Video with instructions on how to quickly and easily setup QuickBooks.
Option #2 Done For You
Let us handle your QuickBooks setup for your contracting company because accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle.
QuickBooks Setup For Handyman Contractors - By a QuickBooks expert in construction accounting to work specifically for Handyman contractors on whatever year and version of QuickBooks you own because we have worked with QuickBooks since it first arrived in the early 1990's in DOS.
Which QuickBooks Edition - Is right for you? It depends on your annual sales volume and what QuickBooks Reports you want to have.
QuickBooks Pro - Works well for all contractors with less than $250,000 annual volume because your QuickBooks Reporting needs are not great.
QuickBooks Premier Contractor - Is what we recommend for contractors with more than $250,000 annual volume currently or projected in the next 12 months. The difference in cost is very small compared to the potential value.
The Most Important - Part of QuickBooks Setup for contractors is having a QuickBooks expert with a deep background in construction accounting who understands how your Handyman Business Operates and your particular needs. Among other things you need a fast and easy way to monitor the financial health of your construction company. QuickBooks Premier Contractors Edition provides a running scorecard of Key Performance Reports and when used with Business Process Management Tools like what 10 minutes of waste costs their company.
Here Are Some Things To Consider:
You need your QuickBooks Setup for your Handyman Company to be able to track the costs and sometime you may need to generate Complex Payment Applications Item Estimates vs. Actuals, Job Profitability Summary and Job Profitability Detail Reports to monitor progress so the QuickBooks setup is critical.
Your Chart of Accounts is focused Goods Sold Accounts (COGS) to allocate project costs between Direct and Indirect Cost Of Goods Sold.
Your QuickBooks expert can setup the Five Key Performance Indicators (KPI) to monitor the financial health of the business
Your QuickBooks setup will need several Items setup to track all the costs of the construction process from beginning to end in order to get the reports you need
QuickBooks Setup for a Handyman Company requires the right mix of Direct, Indirect, COGS and only a few WIP accounts
You need a simple way to track and get paid for retention
The day to day input is also the second most difficult and to be done properly requires accounting staff with specialized training in construction accounting
Our experience has been that contractors in Handyman can generate a stable income and is not as sensitive to the ups and downs of the new construction market
And of course Cheap Bookkeeping is the one area where short term savings is overwhelmed by making bad decisions based upon inaccurate QuickBooks reports
Having Used - A number of accounting programs over the years we believe when your QuickBooks setup is done correctly by a QuickBooks expert in Handyman construction accounting is the best, hands down, no contest!
For the Handyman Contractor like you the tiny amount of money difference between QuickBooks Pro and QuickBooks Premier Contractor Edition is worth the investment for the additional a Contractor Reports alone.
Upgrading every year is a “no brainer” because of all the new features and if a contractor’s construction accounting staff only saves only 10 minutes a day the savings will more than pay for the program.
Our Mission - Is to “Help Contractors Achieve Their Definition Of Success”.
We Contract - With An Intuit Authorized Commercial Host Company that allows you, your staff and us to access your QuickBooks Desktop Version Online all at the same time.
This Is Only The Tip - Of the Iceberg. Everything we publish in our blog posts, articles in other websites, and anything you can find on the web is nothing compared to what is available to you as our client. We show only the basic tools to open your mind to the possibilities that are available to you. The best finish carpentry tools in the hands of a golf professional without proper carpentry training will not produce anything near to what a skilled finish carpenter can. The same can be said about the best construction business consulting and accounting tools in the hands of a skilled finish carpenter. And I say that with respect and admiration for everyone in construction.
When You Become A Client - Then we can tap into our resources of knowledge and strategy banks. We use the reports hidden in your QuickBooks in order to diagnose and understand your construction business and develop plans and help you implement a path to success for you and you alone because every contractor has unique Strengths, Weaknesses, Opportunities and Threats (S.W.O.T. Analysis) that when understood can lead to a Strategic Roadmap which cannot help but make a lot of money.
If You Are A Contractor You Deserve To Be Wealthy
Because You Bring Value To Other People's Lives!
This Is One More Example of how Fast Easy Accounting is helping construction company owners just like you put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that and a lot more valuable to people like you and me so stop missing out! Call Sharie 206-361-3950 or firstname.lastname@example.org and schedule your no charge one-hour consultation.
Profitable Contractors and Construction Company owners have known about the value of outsourced bookkeeping services and contractor coaching services like ours for a long time and now you know about it too!
We Scan Your Receipts And Invoices link the appropriate transactions to QuickBooks or Xero Accounting Online depending on the construction accounting service you are using and provide ongoing Cloud Based Contractors Bookkeeping Services by accountants who understand construction.
Thinking About Outsourcing Your Contractors Bookkeeping Services?
Click On The Button Below To Download A Free Guide
Need Help Now?
Call Sharie 206-361-3950
We Are Construction Accounting Experts Specializing In Construction Bookkeeping Services For Contractors All Across The USA Including Alaska And Hawaii
About The Author:
Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. He is the leading expert in outsourced construction bookkeeping and accounting services for small construction companies across the USA. He is experienced as a Contractor, Project Management Professional, Construction Accountant, Intuit ProAdvisor, QuickBooks For Contractors Expert and Xero Accounting Specialist and Bill.Com Certified Guru. This combination of experience and skill sets provides a unique perspective which allows him to see the world through the eyes of a contractor, Project Manager, Accountant and construction accountant. This quadruple understanding is what sets him apart from other Intuit ProAdvisors and Xero accountants to the benefit of all of the construction contractors he serves across the USA. Visit http://www.fasteasyaccounting.com/randal-dehart/ to learn more.
Our Co-Founder Randal DeHart - Is a Certified PMP (Project Management Professional) with several years of construction project management experience. His expertise is construction accounting systems engineering and process development. His exhaustive study of several leading experts including the work of Dr. W. Edward Deming, Michael Gerber, Walter A. Shewhart, James Lewis and dozens of others was the foundation upon which our Construction Bookkeeping System is based and continues to evolve and improve. Follow Randal on Google+