Why QuickBooks Online will work for Any Company

Created from the industry standard but expanded on to map to the right expense accounts (COGS) in QuickBooks. Download and customize these to fit your company's needs. You can downsize and even change the names, just keep the structure as is and store as an .csv file for upload Recommended: Start Simple and add more codes in later as you learn more about the systems 

Created from the industry standard but expanded on to map to the right expense accounts (COGS) in QuickBooks. Download and customize these to fit your company's needs. You can downsize and even change the names, just keep the structure as is and store as an .csv file for upload Recommended: Start Simple and add more codes in later as you learn more about the systems 

Most contractors nowadays take an upfront deposit to cover expenses and labor costs when starting a project. After working with many contractors, These payments are best treated as a liability from the client to start and applied back over progress invoicing to avoid claiming income to early on advanced payments prior to starting the project.

This procedure comes with instructions on how to set up your systems to enter bulk material purchases into CF and have them register as inventory assets in QuickBooks to be applied later  to the projects individually and mapped to the right expense(COGS) accounts. This procedure details how to enter these as expenses and as bills for net term suppliers. This procedure will create a running balance of back stock inventory assets in QuickBooks

We have developed this procedure and workflow process to create a faster and more productive way for the financial team to capture the information they need, and receipts will come right into QuickBooks without even having to wait on the receipts from field project crew to hit the desk weeks later all at once. 

This procedure was created so that employees could enter reimbursable expenses (project or non-project related) in CF and those expenses are assigned to the proper expense or cost of goods sold, while simultaneously added to a default bank account of "Employee Reimbursements". to be later reconciled through a Journal Entry at the time of the reimbursement. You may schedule a training if you need assistance in the workflow process.

This is a Questionnaire for a full system setup and training on multiple procedures.