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Jimmywick
78 Posts |
 Posted - Dec 12 2022 : 00:11:04
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QuickBooks® is among the best accounting systems for smaller companies, and for contractors just starting out, it’s a great place to begin toward an organized accounting system. While it isn’t designed for construction, it’s made to work for a wide range of businesses.
So contractors can still benefit from using QuickBooks for construction. How much, of course, depends. More extensive job costing, specialized billing and complex payroll can mean contractors eventually experience some limitations. That said, here’s why we can recommend QuickBooks for contractors.
1. You Can Start out on QuickBooks for Construction
To begin with, whether you’re an established GC transitioning off spreadsheets or a roofer launching out on your own, QuickBooks gives you options. That can be perfect if you’re really just looking to get your accounting jumpstarted as you’re working toward growth. QuickBooks Online “Self Employed” edition, for example, lets a single user:
import and track transactions,
invoice and accept payments, and
run basic reports like P&Ls and cash flows.
With small business editions like “Essentials” and “Plus” — plus payroll add-ons — you can get numerous other important features too. So there’s room to grow before moving into a true job cost accounting system with other software.
For starting out, QuickBooks Online Plus gives you up to five named users. So each user has their own separate login credentials. Notice, that’s different from a “concurrent user,” where you might have 15 people with logins but only so many can be logged in at once. If needed, you can always purchase more users — currently up to 25.
Upgrading between QuickBooks Online editions is easy too — first, because it’s cloud-based. That means no downloads or installations to use the app on your desktop. Because QuickBooks Online doesn’t currently require a contract, you’re free to switch plans at any time. In most cases, you should be able to purchase a higher-level plan right from inside the application.
To know more about QuickBooks for Construction, visit: https://www.apps4rent.com/blog/job-costing-in-quickbooks-online-vs-desktop-contractor/ |
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wobiv
USA
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QuickBooks for construction: Why to use?
