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Choosing the version of QuickBooks that's right for you

Whether it’s been a long, hard search or an arbitrary pick, you’ve decided QuickBooks is the construction accounting program for you. Or maybe you’re still trying to choose. Either way, here are some things you should know.

Using QuickBooks for common construction job cost accounting tasks

In the first part of this article, we talked about some things to consider if you want to use QuickBooks for construction accounting and offered some hints for installing QuickBooks. Here we will show you how to use QuickBooks to handle a few common construction job cost accounting tasks -- tracking sick days, vacation days, comp time and prevailing wage fringe benefits.

The limitations of QuickBooks for construction

No software product is going to be perfect, so in this article we deal with some of the limitations of using QuickBooks for construction. In previous installments, we looked at three versions of QuickBooks software and some of the advantages of QuickBooks.

The advantages of QuickBooks for construction

In this article, we take a look at some of the functionality and advantages of QuickBooks for construction. In the previous installment of this article we explored three construction accounting software packages offered by QuickBooks.

An introduction to QuickBooks for construction

Intuit, the developers of QuickBooks software, discovered that small businesses simply wanted to conduct business and let accounting take care of itself -- well, almost take care of itself. QuickBooks offers small businesses an easy way to manage their books. Today, the products continue that tradition, and many firms are using QuickBooks for construction accounting -- but making accounting easy for anyone in a construction business comes with some tradeoffs.

Construction Job Cost Accounting Software Buyer's Guide: Introduction

Job cost accounting (JCA) software has helped Empire Roofing to expand operations beyond their expectations. "We struggled to do $14 million in 2002 and thought we might have hit a wall. But this year we will do approximately $24 million and are continuing to grow," said Jay Wallis, controller and IT manager for the nationwide roofing contractor, based in Fort Worth, Texas. "Accuracy is what really has helped us. We used to spend a lot of time verifying that our costs were attributed to the correct jobs and tracking orders and delivery dates."

User Reviews

Classic Kitchens & Baths is not in the business of tracking expenditures and compiling tax information, so when owner Steven Strano discovered Intuit QuickBooks' easy-to-use accounting software, he was delighted to realize he could spend more time designing and building clients' kitchens and bathrooms instead of tracking cancelled checks and 1099 forms.

"With the Check Reconcile feature I save a lot of time vs. looking through bank statements and cancelled checks," said Strano, president of the Littleton, Massachusetts-based firm. "Now I have perfect bookkeeping. I print checks that look much better and more professional. I can also print 1099 forms, which saves time."

Strano was using Microsoft Excel and OneWrite before he bought QuickBooks Pro 2008. He also looked at Microsoft Money and PeachTree but decided on QuickBooks software after concluding that "it [was] the best deal out of all the ones I checked."

Despite the software's wealth of capabilities, Strano was up and running within a few hours, helped by QuickBooks' built-in video guides, he said. Classic Kitchens & Baths does not use the software's inventory feature, and Strano found the customer delete feature to be "a little strange."

Overall, Strano rated QuickBooks 2008 Pro a perfect 10 out of 10.

As a builder of four to six custom homes a year, Daniel DeVol Custom Builder Inc. is used to focusing on even the smallest details and needed to make sure its software program would do the same. When the company needed something to organize and manage its complex schedule of deliveries, subcontractors, customer orders and meetings, the Dayton, Ohio-based custom builder researched both Microsoft Project and Intuit QuickBooks for use with its existing Sage Software ACT! and Microsoft Visual Basic solutions.

"I looked at Microsoft Project and it was way too complicated," said Dan DeVol, president. With QuickBooks, on the other hand, "I could open up Visual Basic right away."

After paying about $300 to download the program from Intuit's website, DeVol began using Intuit QuickBooks and quickly organized his company due to the program's ease of use. "I feel like there is a plan in place," he said regarding his software solution. Capabilities like being "able to create a list of service-type items and email them to subcontractors is invaluable."

Overall, DeVol would rated QuickBooks a 9 out of 10, "only because I don't think anything deserves a 10," he said.

Blog Entries

Comparing QuickBooks to paper-based accounting

With today’s complicated technology, sometimes we all have that desire to throw our laptop out the window and go back to the good ol’ days of pen and paper. But when it comes to balancing your checkbook and managing your expenses, taking advantage of available software definitely beats paper-based accounting.

Finding QuickBooks advice on Twitter

QuickBooks’ name is almost self explanatory. Intuit developed this accounting software to help smaller businesses manage expenses and accounting without knowing much about, well, accounting – screens mimic basic forms such as checks and invoices and don’t require any extensive bookkeeping knowledge.

Whether you’ve already been sold on the software or you’re still unsure if you want to commit to QuickBooks, you can use Twitter to get answers to all your questions.

Products

QuickBooks by Intuit

To meet the specific needs of the construction industry, Intuit developed QuickBooks Contractor Edition 8.0 with a number of capabilities designed for contractors. In addition to standard accounting tools, QuickBooks Contractor allows users to track job costs for employees, vendors and sub-contractors, and to create job costing reports for job status and analysis of costs and profits, according to Intuit.

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Book Excerpts

QuickBooks Software Book Excerpts

Intuit's QuickBooks software is the job cost accounting software of choice for nearly one-fourth of construction contractors with annual revenue of $5 million or less, according to the latest CFMA Information Technology survey. Our reviews of QuickBooks software show that small contractors choose QuickBooks for a number of reasons, among them customer support and ease of use.

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Vendor

Foundation Software

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Company Overview

Foundation software has been providing accounting software for construction firms for more than 20 years. According to the vendor, many of its construction clients previously used off-the-shelf job cost accounting software, such as QuickBooks or Peachtree, or software systems that are no longer supported.

150 Pearl Road
Brunswick, OH

Phone: 330-220-8383
Toll Free: 800-246-0800
Fax: 330-220-1443
Web: foundationsoft.com