Generate Useful Reports
Turn your financial data into reliable information. Repeat quality performances you can be proud of and make better decisions for your construction company.
Identify Profitable Projects
Stop chasing every job and start winning more bids with fewer proposals. Discover the secrets of why some contractors always get the best projects and clients.
Create Accurate Estimates
Eliminate errors and avoid missed opportunities by carefully evaluating project plans with precise budget allocation, from initial estimate to a clear professional quote.
Operate And Grow Your Construction Company
QuickBooks needs to know many things to produce the reports you need. The first step is to realize what you don't know and want to know more about your business.
A correctly set up QuickBooks file is the key to generating valuable and timely financial reports. Start by learning the basics and discover how easy it is to make more money with Job Costing.
Construction Accounting Vs. Regular Accounting
Learn the necessary principles particular to your industry and the importance of understanding the difference between other types of accounting.
Assign Costs To A Particular Job
Gain a better understanding of costs using the LMOS™ (Labor, Material, Other Costs, and Subcontractors) system and better handle Job Costing and Job Profitability for your construction company.
Identify Costing Allocation
Keep track of your inventory, materials, supplies, in-house labor, and overhead or expense using QuickBooks and know how to assign and allocate it to a specific job.
Key Takeaways
Discover insightful lessons with each indicator, gain actionable tips for your bookkeeping processes, and pick up strategies to overcome the challenges of keeping your accounts up to date.
After taking two college weekend classes to learn QuickBooks for our company's accounting needs and NOT getting my specific questions answered, I attended a QuickBooks seminar run by Randal and quickly learned that he had the help and answers I needed.
As a wife doing the books part-time, I am very thankful for his help and insight into our company's precise needs.
Painter's Wife
Everett, WA
What You'll Learn
Access to the best available tools and information is vital to almost any operation, but it is especially crucial in the competitive construction and home service industry. Upon completing this course, you will be able to:
Understand
The difference between Construction Accounting and Regular Accounting.
Discuss
The value of accurate Job Costing and a properly set up Chart of Accounts.
Determine
How to set up and process payroll inside QuickBooks Desktop.
Establish
A Job Costing system that can help you when you're working on multiple projects.
Track
The Owner's Time On Jobs, even if multiple owners are on QB Time.
Recognize
Labor, Materials, Other Costs, Subcontractors (LMOS™), and overhead allocation for a specific job.
I found your Change Order How-To video on YouTube and really like how you have it set up and appreciate the pointers you have to offer.
Because I am tired of these customers constantly changing stuff on us and creating delays or extra work. I need to start being compensated for my time, but I want to make sure I am doing it the right way. Thank you for your assistance.
Home Improvement Contractor
Hanover, VA
Who is this course for?
This course is for contractors, accountants, bookkeepers, administrators, and business professionals in the construction and home service industry using QuickBooks Desktop as their primary accounting software. And whose business is within $0 and $5,00,000 in annual sales. No prerequisites or advanced lessons are required.
We developed a comprehensive bookkeeping system and added valuable content to QuickBooks to make it work for owners and employees in the construction industry.
Who is this course NOT for?
This course is NOT for construction industry professionals using accounting software other than QuickBooks Desktop or whose business earns more than $5,000,000 annually. There is much more detail and depth to consider for larger contractors.
This course focuses on the unique aspects of construction accounting not dealt with in other industries. If you are not a contractor, accountant, administrator, or business professional in the construction and home service industry, then this course is not for you.
YOUR INSTRUCTOR
Randal DeHart
Randal is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. He is the leading expert in outsourced construction bookkeeping and accounting services for small construction companies across the USA. He is experienced as a Contractor, Project Management Professional, Construction Accountant, Intuit ProAdvisor, QuickBooks For Contractors Expert, and Xero Accounting Specialist.
This combination of experience and skill sets provides a unique perspective that allows him to see the world through the eyes of a contractor, Project Manager, Accountant, and construction accountant.
This quadruple understanding is what sets him apart from other Intuit ProAdvisors and Xero accountants to the benefit of all of the construction contractors he serves.
He Is A Certified PMP (Project Management Professional) with several years of construction project management experience. His expertise is construction accounting systems engineering and process development.
His exhaustive study of several leading experts, including the work of Dr. W. Edward Deming, Michael Gerber, Walter A. Shewhart, James Lewis, and dozens of others, was the foundation upon which our Construction Bookkeeping is based and continues to evolve and improve.
