QuickBooks® Contractor Edition Training Package

Homepage Prior Surveys Training Classes & On-line Classes Learning Products QB Shared Files Map & Directions Certificate Field Service Seminar Dates Telephone Support Annual Support Contact us Who we are Blog Guest Book Other Services

QuickBooks for Contractors -2007
Instructors Manual
Table of ContentsIntroduction ................................................................................................ 1
Workshop Objectives & Restoring the Exercise File .................................. 2
Home Screen ............................................................................................. 3
Setting up your new company file ............................................................. 4
QuickBooks Learning Center ................................................................... 31
Understanding your chart of accounts ..................................................... 32
Understanding financial statements………………………………………….41
Setting up your items ............................................................................... 44
Setting up your customers and jobs......................................................... 48
Setting up your vendors and subcontractors............................................ 49
Setting up and using class tracking.......................................................... 50
Estimates and Invoices ............................................................................ 52
Job Costing .............................................................................................. 68
Entering bills for job-related or overhead expenses ................................. 71
Using purchase orders to track committed costs or subcontractor bids ... 73
Entering credit card charges for project-related costs.............................. 75
Handling petty cash ................................................................................. 77
Understanding job cost reports ................................................................ 79
Specialty Contractors............................................................................... 92
Handling reimbursable expenses............................................................. 93
Commercial Contactors ........................................................................... 98
Certified payroll reports.......................................................................... 101
Tracking the costs of spec houses or developments ............................. 103

QuickBooks for Contractors -2007
Exercise Workbook
Table of Contents

Exercise 1-2 Creating items for job phases 2
Exercise 1-3 Grouping related items 4
Exercise 1-4 Setting up class tracking 5
Exercise 2-1 Turning the estimate feature on 7
Exercise 2-2 Customizing an estimate form 8
Exercise 2-3 Create an estimate 10
Exercise 2-4 Creating a set price invoice 13
Exercise 2-5 Creating a fixed price invoice 16
Exercise 3-1 Entering a bill for items 19
Exercise 3-2 Entering a bill received from a subcontractor and checking it against the original bid 21
Exercise 3-3 Entering credit card charges for project-related costs 23
Exercise 3-4 Handling petty cash 24
Exercise 4-1 Tracking noninventory items used on a job 25
Exercise 4-2 To see hours worked for each employee on a union job 28
Exercise 4-3 Creating a certified payroll report 30
Exercise 4-4 Recording the sale of a spec home 35