Nancy Smyth, Author at Learn to use QuickBooks® in your construction business

07May 2018 by Nancy Smyth

The information provided is still relevant

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I've had several complaints such as this from people who have downloaded the FREE information I've provided here. Here's an example: "The information I downloaded was from 2002 – not really useful in 2018". Please be advised - while there may be an old date (2002, 2003 or a reference to an older version of QuickBooks" it doesn't mean that the information is outdated - it just means that the procedures or instructions have not changed!

09May 2015 by Nancy Smyth

FREE Webinar – QuickBooks Desktop vs Intuit Online Payroll

Live Webinars

WHEN: Wednesday May 13, 2015 TIME: 2 pm Eastern (1 pm Central) WHERE: https://attendee.gotowebinar.com/register/5365558835222259970 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? Should you: outsource payroll to a 3rd party (like ADP or Paychex)? should you bring all payroll related tasks in-house? do you want to do everything yourself? do you want help? do you want a desktop or online payroll option? There are a lot of things to think about. Just remember, payroll is one of the most important tasks for any business, you need to make sure that you keep your employees happy by making certain that they are paid correctly and on time! Webinar Overview: Most businesses think the…

25Nov 2014 by Nancy Smyth

Year End Payroll Tasks for 2014 and year beginning 2015

Business Productivity Tips & Training, Free Stuff

Year-end payroll tasks actually should start on December 1st and really can continue right through the first of April! Yikes – that’s a lot of time to be spending on additional payroll tasks, especially during the holidays! There are so many things that need to be taken care of; you need to be organized and have a checklist that includes when certain things have to be completed and helps you to prioritize tasks so that you don’t feel so overwhelmed. From simple things – like starting around the first of December 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…

18Jun 2014 by Nancy Smyth

How to Fulfill Your Certified Payroll Requirements – Webinar Recording

Videos

Certified Payroll Reporting requirements can be overwhelming for most contractors, their office staff, and even the accounting professionals who support them. This often misunderstood requirement can lead to major problems; including denial of payment and even fines, penalties, jail time, contract termination, and disbarment in extreme cases. Don’t get caught in a payroll certification trap - learn the ins-and-outs of completing a certified payroll report! 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. Variations of the How to…

20May 2014 by Nancy Smyth

QuickBooks for Contractors-Job Costing Basics from A to Z Recording

Videos

Job Costing in QuickBooks can be one of the most agonizing tasks that a commercial or government construction contractor and their bookkeepers face on a daily basis. In fact, 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. While I can’t make the reports look the same in QuickBooks as they did in…

23Apr 2014 by Nancy Smyth

Free Webinar – Stealing More Than the Secret Sauce

Free Stuff, Live Webinars

Free Webinar Stealing More Than the Secret Sauce - Identify and Safeguard Against Business Fraud Wednesday May 14, 2014 - 2-3 p.m. EST A staggering number of businesses falter and even fail because someone on the inside – an employee, vendor or even a partner – steals money, goods, data or intellectual property from the organization. Learning the warning signs can help business owners prevent and detect criminal activity and implement options to avoid future issues. Join a panel of distinguished virtual office business professionals in a free webinar designed to help businesses identify and safeguard against fraud. It will be presented by Kimberly Shannon, President, Off-Site Business Services, Nancy Smyth, President, Sunburst Software Solutions, Inc., and Shamese Shular, President, SHU Books on May 14, 2014, from 2pm to 3pm…

14Apr 2014 by Nancy Smyth

4/9/2014 QuickBooks for Contractors hangout – Time & Materials Billings

Google+ Hangouts, QuickBooks Training

This hangout is an addition to our popular QuickBooks Job Costing from A-Z Webinar, which was held on March 26, 2014, and discusses using Estimates and Progress Invoices when you have Time & Materials or Cost Plus jobs. 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. Unfortunately, I've found that the screen sharing feature in the Google+ hangout doesn't capture all of the pop up windows in QuickBooks, so I've put together an article that includes screen shots of the windows that weren't captured during the…

20Feb 2014 by Nancy Smyth

QuickBooks Job Costing from A-Z Webinar

Live Webinars, QuickBooks Training

March 26, 2014 1-2:30 p.m. EST Job Costing in QuickBooks can be one of the most agonizing tasks that a commercial or government construction contractor and their bookkeepers face on a daily basis. In fact, 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 – 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. While I can’t make the reports look the same in QuickBooks, I can show you how to properly set up and use…

13Feb 2014 by Nancy Smyth

2/12/2014 QuickBooks for Contractors Hangout – A Tale of Two Certified Payroll Processes

Google+ Hangouts

This hangout introduces Molly Manual and Amy Automation - two payroll clerks who are doing the same payroll and certified payroll processes - but in VERY different ways! Molly uses QuickBooks to enter employee time process payroll but is completing all of the Certified Payroll, EEOC, Dues and Fringe Benefit Reports using Excel spreadsheets. Amy uses TSheets to handle employee time tracking, QuickBooks to process payroll and Certified Payroll Solution to do all of the Certified Payroll, EEOC, Dues and Fringe Benefit Reports. This hangout discusses efficiency, time, and costs of these two very different methods of completing the same task. Watch the hangout recording: Downloads: Slides from the hangout Sample Union Dues and Fringe Benefit Reports Links: Learn more about TSheets - Learn more about Certified Payroll Solution

13Jan 2014 by Nancy Smyth

WIP Calculator for Percentage of Completion Calculations

eBooks

A WIP Calculator is a must for Percentage of Completion calculations. Many times, business owners will create a simple Under/Over Billings report with Percent Complete calculations - and that's fine for some businesses. However, when the percentage-of-completion is the method of accounting that is required, the accounting principle of full disclosure requires the presentation of a work-in-process schedule in a company's financial statements - and you also need to provide this information to your bonding company. This schedule should provide the details of each contracts or projects stage of completion and profitability to date as well as in the current period of reporting. Its format varies, but at a minimum should include at least the following seven components. Seven Components of a detailed WIP/Percentage of Completion Report Contract Totals Totals…

Author: Nancy Smyth