QuickBooks, while a great software program, is a “generic” accounting program. Even though there is a “Contractor version”, it was designed to meet the needs of all types of contractors – from the home handyman to a general contractor. Only through the use of QuickBooks integrated add-ons will you find that it then becomes a viable substitute for the more costly construction specific accounting programs available.
Welcome to Tuesday Training!
Tuesday Training is a new feature here on the QuickBooks for Contractors blog. While everyday focuses on training of one sort or another, Tuesday’s are dedicated to more in-depth training.
We’ll teach you the things you need to know about using QuickBooks, that you won’t find in the QuickBooks Help file, in order to successfully run your construction business and obtain accurate job costing reports; from eBooks, live webinars, and recorded training sessions.
You’ll find high-quality (budget friendly) training without having to leave the comfort of your home or office.
Choosing QuickBooks and QuickBooks Add-Ons for Your Construction Business
Whether you currently use QuickBooks or are thinking of using QuickBooks for your construction accounting package you need to be aware that QuickBooks, while a great software program, is a “generic” accounting program and will not do everything that you may need it to for your business by itself, unlike more expensive construction specific software.
If you are like most contractors, you probably do not think of yourself as a “computer hardware/software expert’. In fact, when faced with the thought of purchasing new computers and/or software to automate critical, time consuming tasks within your business, you end up feeling overwhelmed. Many contractors end up turning the project over to someone else. This unfortunately, is one of the major reasons that this type of project fails.
Download the complete article to find how you can make your project succeed!
We hope that you’ve found today’s Tuesday Training article to be helpful to your business – if so please take a moment to leave a comment or share this with others on your favorite social media network using the buttons below.
Strategies for Making the Move to Public Works Construction Projects Seminar – American Subcontractors Association, San Diego branch, January 19, 2012
The current economic situation has dealt a serious blow to both homebuilders and commercial contractors and many are finding themselves make the move to Public Works construction and Prevailing Wage projects. Make the move to Public Works construction will require planning and quite possibly a variety of changes in the way you currently run your existing construction business.
Join industry experts; Steve Kuzmack, President of Fringe Benefit Experts and Nancy Smyth, President of Sunburst Software Solutions, Inc. for an intensive 2 hour session on January 19, 2012; on strategies for lowering labor costs and complying with certified payroll reporting requirements on Federal and/or State funded construction projects.
Learn How:
- To reduce payroll taxes and insurance premiums on your prevailing wage projects.
- “Bona Fide” benefit plans operate and how they decrease labor costs while increasing company profits and enhance employee benefit programs.
- You, the owner, can put more pre-tax money into your personal 401K.
- To smooth out the wage discrepancies between Private and Public Work.
- To save $2.00 – $4.00+ in payroll burden per man hour – based on San Diego Wage Rates.
- Supplemental Unemployment Benefit {SUB} Plans operate – and why your field workers like them.
Learn the Pros and Cons of Paying the TOTAL Hourly Prevailing Wage Rate on Payroll:
- Impact on your company
- Impact on your employees
Learn About Types of “Bona Fide” Fringe Benefit Plans:
- SUB Plan – “Field Workers Get Paid When Not Working” {Holidays, Layoffs, Reduction in Hours}
- Pension Plan – How to Increase Owner and Staff Pre-Tax Contributions
- Health Plan – Make Health Insurance Premiums not only Pre-Income Tax but Pre-Payroll Tax as well
Learn About Bookkeeping, Accounting & Payroll Procedures:
- When you pay the full fringe rate as part of employees hourly rate of pay
- When you pay the full fringe rate to one or more “bona fide” fringe benefit plans
- When you pay a portion of the fringe benefit rate to a plan and the balance in cash
Learn About Certified Payroll Reporting Requirements:
- What is a Certified Payroll Report?
- How do I complete a Certified Payroll Report?
- Are there different requirements for State and Federally funded construction projects?
If you want to get more competitive, grow your company and create more profit; then this seminar is for you.
This event will be held:
January 19, 2012 from 1:30 – 3:30 p.m. at the SMART Safety Office, 9471 Ridgehaven Ct. #C, San Diego, CA 92123. Non-member Price $60.00. Member Price $45.00. Register for the event OR download a seminar flyer.










