![]() ![]() The biggest advantage lies in the ability to ensure your numbers are consistently accurate without having to crunch the numbers yourself. Tools like QuickBooks help contractors easily automate and manage record-keeping from top to bottom, simplifying basic accounting tasks such as recording deposits, retention and retainage, and general income and cost recognition. ![]() If you spend hours manually tracking and crunching numbers, then you might as well return to etching your numbers in stone. Manually entering financial information just isn’t a viable option anymore. Keeping a detailed paper trail of all financial info, with an accurate accounting system, is the backbone of any successful business. Having automated accounting systems has become not only a luxury but a necessity. It was a priority for the ancient Mesopotamians and should be a priority for you. Discovered in Mesopotamia thousands of years ago, these stone-carved accounting records were a pillar of society. As it turns out, the earliest stories told by humanity weren’t about epic adventures or stunning ballads instead, they were accounting records. Right from the beginning, people have understood the importance of documenting the flow of money. Digital tools, such as QuickBooks, aim to alleviate this tedious office work. It can be time-sucking and painstakingly detailed work requiring hours spent inside an office. Especially when it comes to tax requirements or hitting payroll. Parsing through this data is a time-consuming but necessary task for all contractors. ![]() Whether it’s a basic maintenance job or a large multi-year mega project, every project brings a complicated web of information. What are construction companies looking to automate with QuickBooks With this article, we’ll break down which version is the best QuickBooks for contractors. But with multiple versions of QuickBooks to choose from, contractors may wonder which one is right for them. Whether it’s payroll, job costing, reporting, or project management, contractors must leverage digital processes to stay on pace with a volatile construction industry. Though QuickBooks isn’t specifically tailored for construction professionals, it offers features that can help with record-keeping and tax management.įor an accounting setup tailored to the unique demands of construction work, Knowify integrates with QuickBooks to eliminate double-data entry and lets contractors gain even more insight into their business’s finances. Thankfully, tools like QuickBooks that integrate with construction accounting software are out there to help with time-consuming tasks that keep you away from the job site.Īutomating these tasks streamlines data entry, helps to improve accuracy, and can save hours of work. After burning the midnight oil for the fourth time this week, managing payroll, tax filing, invoicing, and organizing, you have to wonder if there’s a better way. Assistance is just one post away.No contractor gets into the business for the love of admin work. Should you have additional questions or concerns about QuickBooks, you can always find the Community Team here. In case you need to track all invoices that are due on a particular range, you refer to this article in customizing the Transaction Detail By Account report. Once done, we can now start sending the remaining balance of the invoice. If there's a customer credit, we can click that payment then untick the credit memo from the Credits section so that it will not be applied to the invoice. ![]() Then, select the Delete option from More to get rid of the duplicate. We can simply click the deposit to be routed to the Receive Payment page. Check if there are any duplicate payments or credits that have been applied.In the PAYMENT STATUS section, click the payments made link.We can open that invoice to check the payments/credits linked to it. It could be that there's a customer credit that has been applied or the deposit has been recorded twice that's why the balance became zero. I'll help you in sending the invoice to your customer. Thanks for providing the additional information about your concern, sally25. ![]()
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