Perhaps you already use QuickBooks Desktop Pro, Premier or Enterprise - or are thinking about switching to QuickBooks from another accounting program. But what about payroll? How are you going to manage that? If you are thinking of using a payroll software product or subscription, you need to identify which payroll method is right for YOUR business.
Year end payroll tasks start the first of December, when you should remind employees that if their has been a change in their filing status due to getting married, having or adopting a baby, or perhaps they have a child that is turning 21, that they should fill out a new W-4 form for 2015.
When it comes to certified payroll and prevailing wage there are a lot of grey areas. Reporting requirements vary by state; many states have multiple agencies with different paper formats and/or require that certified payroll data be submitted via an on-line labor compliance program. To say the least, certified payroll reporting is complex as well as labor intensive.
Learn about various way in which Fringe Benefits can be paid - it's not only in cash to the employee or to the Union Hall and then learn the proper way to report the payment of the fringe benefits on the final report.
I talk to folks every day that tell me “I can’t get any job costing reports or information out of QuickBooks!”, and they usually aren’t very happy about the situation.
Sometimes that statement literally means that they see no job costing information in QuickBooks, they can't make any sense of the reports or information that they do see – OR –the job costing reports they do see don’t look like the reports that they were used to from their old accounting system, which was industry specific.
Proper setup and customizing QuickBooks to meet your needs is KEY!
Fraud prevention is a key concern of growing companies in today's market. For small businesses, the median loss due to fraud is greater than what has occurred in Fortune 500 companies. In fact, one third of all business bankruptcies are due to employee theft and American businesses lose 7% of their annual revenues to fraud.
Join us on Wednesday May 14, 2014 from 2-3 p.m. EST for a free 1-hour webinar; where you'll learn about 10 fraud early warning signs as well as simple, inexpensive controls you can put into place to discourage fraud.
When you have Time & Materials or Cost Plus jobs and want to use the QuickBooks Estimate function, there is an additional step that you'll need to do in order for your numbers to line up correctly in the Estimates vs. Actuals Report - tips and techniques are discussed in this hangout. Additionally, there are written instructions for creating customized Time by Job Detail and Unbilled Costs by Job Reports that are filtered for a specific job.
Job Costing in QuickBooks can be one of the most agonizing tasks that you face on a daily basis. Just because it’s called “QuickBooks” and it’s made by “Intuit” doesn’t mean that setup is QUICK or INTUITIVE to get good job costing reports! The correct setup is KEY!
I'm not one of those folks who thinks every contractor needs the EXACT same Chart of Accounts or Items list - I believe each construction company has unique and specific needs. I can show you how to properly set up and use QuickBooks to ensure proper job costing so you can generate good reports out of QuickBooks every time.
Join us on Wednesday March 26, 2014 from 1-2:30 p.m. EST.
Think your Payroll and Certified Payroll processes are efficient and cost effective? Maybe - maybe not. This hangout discusses two very different methods for these processes and discusses cost, time, and efficiency.
You can easily create a detailed WIP/Percentage of Completion Schedule from QuickBooks IF:
- You create an Estimate for EVERY job/project AND there is only one Estimate per job
- You’ve modified the QuickBooks Estimate Template to include Cost and Markup columns and you utilize those columns when building your Estimate
- All of your “Items” have been set-up to capture BOTH revenue and costs (double-sided items)
- You enter ALL job related employee time and vendor costs using double-sided items
- You create Job Types for Over/Under and Completed (with sub-types for years) and assign them correctly to your jobs
If all of these things currently exist in your QuickBooks company data file, you can easily create a detailed WIP/Percentage-of-Completion schedule by creating an Actual vs. Estimate Summary Report --> exporting it to QuickBooks and then plugging that data into our WIP Calculator - all WITHOUT spending hours performing manual calculations!
Whether you are a business owner, bookkeeper, or accounting professional, this tool will help you be be far more productive when it comes to preparing WIP Schedules.