over 2 years ago

QuickBooks is one of the most widely used accounting software applications for businesses to track their financial transactions.

With so much financial data to keep track of in a business, the appropriate software makes all the difference. Not only do clients receive the highest-quality software with QuickBooks, but they also get it at an affordable price.

While many businesses utilize this beneficial software, you may be wondering if it is helpful for construction companies.

With so much unique data and details to track, does QuickBooks consider these when determining accounting efficiency?

QuickBooks for Construction Version is a construction-specific edition of QuickBooks Premier desktop software. It contains unique features and data that assist in planning and accounting for the costs associated with significant jobs. All these additional features are included in the price of QuickBooks Premier.

QuickBooks Contractor Edition is best for:

Contractors who retain a separate record of job costs from their accounting:

By merging the activities of job costing and basic bookkeeping with QuickBooks Premier Contractor Edition, you may streamline your work. As is the case with many small contractors, you may attempt to keep track of job costs using an Excel spreadsheet. Not only will the Contractor Edition save you time by merging duties, but it will also prevent you from missing charges, as job costs are related to total company expenses.

Contractors with several crews: Experienced owners are relatively good at forecasting profit on projects in which they are significantly involved, even if precise task costing is not completed. However, as your business grows and various crews form, you lose daily engagement in each work, making job profitability estimation considerably more difficult. Therefore, it is critical to have exact task prices to review and aid your project managers in cost control with multiple crews.

Contractors looking to save money: QuickBooks Contractor has the same inventory functionality as QuickBooks Premier’s base edition. Materials turned from a job site can be archived so that your project managers can plan to reuse them on subsequent jobs rather than ordering unnecessary materials.

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