The difference is in the setup QuickBooks process. We Have Listened As Our Contractor Clients - Have described to fellow contractors how "fast and easy QuickBooks is and what wonderful reports it generates" while the other contractor will describe in no uncertain terms what a piece of junk it is. Don't blame the tax preparer because most income tax preparers are horrible construction accountants and the reverse is also true!Įach Contractor Type - Has unique construction accounting needs which means if the setup QuickBooks process is custom fitted to the needs of each construction company it is a beautiful thing and causes many heated discussions at trade group meetings.
Some Contractors Compete In Several Trades - Spec home builders sometimes mix new houses with remodeling or flipper houses to keep crews busy during slack times (see BCG Matrix below) which means the accounting process can be very tricky and if not done properly can cause the contractor to overpay income taxes, miss an opportunity to earn 36% return on investment, and pay massive fines and penalties for late or inaccurate quarterly tax returns. We have setup QuickBooks since it first arrived in the early 1990's in DOS and have developed several templates to address different types of contractors needs from mobile service and repair firms like plumbing - electrical - HVAC, residential remodel companies, commercial tenant improvement firms, land developers, spec home builders, excavation contractors and more. Set up QuickBooks - Done by a QuickBooks expert in construction accounting to work specifically for electrical contractors on whatever year and version of QuickBooks you own. More Electrical Contractor QuickBooks Digital Products Available HERE!
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