HARTFORD CONSTRUCTION ACCOUNTANTS CPA

QUICKBOOKS CONTRACTOR EDITION: COMPLETED & INCOMPLETED CONTRACT REPORTS

William Brighenti, CPA, CVA, Certified QuickBooks ProAdvisor

46 Mildrum Road, Berlin, Connecticut 06037

Telephone:  (860) 828-3269  Email:  info@cpa-connecticut.com

Quickbooks Contractor Edition is an affordable and often a sufficient construction accounting software for the small to medium-sized contractor; however, as in sophisticated project management accounting software, it must be set up correctly in order for the user to gain the full functionality of its job costing reporting features.  When this has been done correctly, at the year end, the contractor can transmit accurate completed contracts and WIP (work-in-process) schedules to his outside accountant or certified public accountant, saving thousands of dollars in billing fees each year.

Once jobs and customers have been set up correctly in Quickbooks, in order to compile a completed contracts reports, choose the Profit & Loss by Job Report, selecting only the jobs completed in that year.  Similarly, in order to prepare a WIP report, again choose the Profit & Loss by Job Report, selecting only the jobs still incomplete as of the end of the year.

Another way to implement the preparation of WIP and Completed Contracts Reports in Quickbooks without being required to select and de-select jobs is to identify the stage of completion as either "in progress" or "completed" under "Job Types" in the job information section:  this is particularly convenient if one will be running the reports on a routine or repetitive basis. 

Hartford Construction Accountants of Connecticut would be pleased to assist you in the proper set up of all of your job cost reports.  Please contact us for a free initial consultation.  We will design and implement a project management information system utilizing Quickbooks to accommodate all of your reporting requirements and save you thousands of dollars annually in outside accounting fees.

Hartford Construction Accountants of Connecticut:  William Brighenti, CPA, CVA, Certified QuickBooks ProAdvisor is an accounting firm located in Berlin, Connecticut, offering high quality accounting, bookkeeping, tax, payroll, and QuickBooks services locally in Berlin, Hartford, New Britain, New Haven, Connecticut, and remotely throughout the entire United States, at exceptionally low rates

Hartford Construction Accountants of Connecticut is now offering its accounting, bookkeeping, tax, payroll, Quickbooks, consulting, and its many industry-specific accounting and tax accountant services in the following cities and towns in Connecticut:
  • Hartford
  • West Hartford
  • East Hartford
  • Bloomfield
  • Windsor
  • South Windsor
  • Manchester
  • Vernon
  • New Britain
  • Plainville
  • Southington
  • Cheshire
  • Bristol
  • Meriden
  • Wolcott
  • Waterbury
  • Berlin
  • Kensington
  • Cromwell
  • Middletown
  • Portland
  • Haddam
  • Wallingford
  • Durham
  • Farmington
  • Avon
  • Simsbury
  • Canton
  • Granby
  • Burlington
  • New Hartford
  • Suffield
  • Wethersfield
  • Rocky Hill
  • Glastonbury
  • Marlborough
  • Hebron
  • Haddam
  • Colchester
  • Killingworth

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