Benefits of QuickBooks Contractor Edition
QuickBooks Contractor is a special edition of QuickBooks Premier desktop software specifically tailored to the construction industry. It includes special features and reports to help budget and account for the costs of large jobs. All of these extra features come at no additional cost over the price of QuickBooks Premier.
QuickBooks Premier Contractor Edition is available as a one-time purchase or can be purchased as an annual subscription with online backup, unlimited customer support, and upgrades to new editions. After purchasing QuickBooks Premier, you can specify the Contractor Edition when downloading the software.
What is Recommend QuickBooks Contractor For:
QuickBooks Premier Contractor Edition is one of the best construction accounting software options because it’s ideal for general contractors and subcontractors who struggle or spend excessive time tracking the costs of individual jobs. However, like the base edition of QuickBooks Premier, the Contractor Edition can only be accessed from the computers on which the program has been installed.
QuickBooks Contractor Is Especially Good For
Contractors tracking job costs separate from bookkeeping: Tracking job costs in QuickBooks Premier Contractor Edition reduces your work by combining the tasks of job costing and general bookkeeping. Like many small contractors, you might try to track the costs of jobs in an Excel spreadsheet. Not only will the Contractor Edition reduce your work by combining tasks, but it will also avoid costs being missed since job costs are tied to total company expenses.
Contractors with multiple crews: In my experience with contractors, experienced owners are quite good at estimating profit on projects with which they are involved heavily, even if exact job costing isn’t performed. However, as your company grows and you form multiple crews, you no longer have day-to-day involvement in each job, and it’s much harder to estimate job profitability. With multiple crews, it’s crucial that you have accurate job costs to evaluate and assist your project managers in controlling costs.
Contractors wanting to reduce waste: In addition to the great job costing features, QuickBooks Contractor includes the same inventory features as the base edition of QuickBooks Premier. Materials returned from a job site can be recorded as inventory so that your project managers can plan to use them on the next job instead of ordering unnecessary materials.
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