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Category Archives: QuickBooks
QuickBooks Setup for Success
It’s the start of a new year and for many, this is the time to make changes to your QuickBooks before your season gets busy. Here are 4 major areas I consider when working with contractor clients: Continue reading
Posted in Business Finance, Features, Job Costing, QuickBooks
Tagged Chart of accounts, Classes, desktop, Enterprise, Items, job costing, jobs, online, Payroll, Premier, Pro, QuickBooks, reports, Setup, workflow
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QuickBooks Year-End Checklist
There’s lots that needs to be done at the end of the year to get your QuickBooks ready for taxes. Here’s a checklist of to help you; those who have been diligent about bookkeeping will find this list will be shorter. Continue reading
Posted in Payroll, QuickBooks, Year End
Tagged 1099, credit cards, Merchant Services, payments, Payroll, QuickBooks, QuickBooks 2017, QuickBooks 2020, WIP, Work in Process, year-end
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Year End Review and Planning
By now you probably have a good idea of your year-end numbers. As you look back over your year, take the time to list what worked – and what didn’t. Here are a few recommendations to help you review 2019 so you can plan for 2020. Continue reading
Posted in Business Finance, QuickBooks, Reports, Year End
Tagged add-on, customer type, customers, Enterprise, job profitability, jobs, most profitable, Overhead, profitability, QuickBooks, reports, time, Time Tracking, year-end
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Allocating Overhead by Job
Your jobs have to generate enough revenue to not only cover the job, but your overhead AND still result in a profit. So, you need to keep those “extra” costs in mind when estimating jobs. Last time, we discussed allocating at the division level (which might get done monthly or quarterly). Today we’re focusing on the job level. You can allocate overhead costs one of two ways: (1) on an account level (you would view in a P & L for the job) and (2) at the Item level (which provides more detail) – you would view these in your Estimated vs Actual Details and Job Profit Profitability Detail reports Continue reading
Posted in Business Finance, Job Costing, QuickBooks, Reports
Tagged job costs, job profitability, jobs, Overhead, overhead recovery, QuickBooks, reports
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Allocating Overheard Part 1
Understanding all the costs that involved with a job is important for contractors. There are the obvious ones such as labor and materials. However, you not only need to cover direct job costs but also the overhead for the business, and still net a profit (or why else be in business?!) A few areas to consider could include office staff/expenses, equipment/vehicle costs (direct and indirect like wear & tear), indirect costs (e.g. fuel), shop staff, repairs & maintenance. There are a variety of ways you can allocate overhead. Today we’ll look at the simplest and fastest method – allocating by division. I’ve broken this up into 2 parts: (1) allocating ALL your overhead expenses and (2) allocating your Indirect Costs Continue reading
Posted in Business Finance, Job Costing, QuickBooks, Reports
Tagged job costs, jobs, Overhead, QuickBooks, reports
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Determining Your Most Profitable Sales
It’s time to review your sales to see where you were most profitable in 2019 and see what changes, if any, you’ll make for 2020. When looking at profitability, there are a few different factors you can review using QuickBooks. So here are 5 areas to consider. Continue reading
Posted in Business Finance, QuickBooks
Tagged customer type, customers, job profitability, jobs, profitable sales, QuickBooks, reports, top customers
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Muir & Associates Announces Partnership with LMN
With LMN, you’ve created your estimate, tracked time and perhaps even invoiced. Take advantage of LMN’s integration with QuickBooks and save time by syncing your data over to QuickBooks. With your job costs and payroll in QuickBooks, it becomes easier to monitor job costs along the way, evaluate profitability once the job is done, and streamline your invoicing/billing. Join us to see why QuickBooks and LMN are better together, from job costing to reporting and more. Continue reading
Posted in Features, QuickBooks
Tagged customization, job cost, landscapers, LMN, QuickBooks Enterprise, Reporting, time savings
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Four Areas Where Spending More Pays Off
It’s generally a good idea to keep overhead costs low so that your business profits will be higher. But there are times when increasing expenses yields great payoffs Continue reading
Posted in Business Finance, QuickBooks
Tagged equipment, invest, QuickBooks, software, spending, spending more yields payoffs, tools, training
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New and Improved Inventory Features for Platinum Enterprise 2020
This year, a few of the new features in QuickBooks 2020 are meant to help you get paid faster and save time. Should you upgrade? Check out what’s new and improved! The features mentioned in this article apply to QuickBooks Pro, Premier and Enterprise. Continue reading
Posted in Features, QuickBooks
Tagged alternate vendor, cycle count, Enterprise, express pick pack, landed cost, pack, pick, platinum, QuickBooks, vendor
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Save Time and Get Paid Faster with QuickBooks 2020
This year, a few of the new features in QuickBooks 2020 are meant to help you get paid faster and save time. Should you upgrade? Check out what’s new and improved! The features mentioned in this article apply to QuickBooks Pro, Premier and Enterprise. Continue reading