QuickBooks Enterprise offers an industry-specific edition for contractors to improve the profitability of the construction business. Here's how QB can help contractors:
2. The construction industry is one of the most
challenging industries, as the work takes place
in multiple locations rather than in a central
location. Also, managing on-field workers,
taking care of billing for contractors,
generating reports for project completion, and
stakeholder management for on-job workers is
a daunting task.
To cope up with these challenges, Inuit
came up with an industry-specific
edition of QuickBooks Enterprise for
Contractors which includes the tools
necessary to fulfil the requirements of
contractors.
Let us look at 7 features of QB Enterprise that are valuable for Contractors:
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3. Features
Change Order Functionality
02
Job Costing Tools and Estimates
01
Industry-Specific Reporting
03
Task Management
05
Improved Electronic Invoicing
04
Flexible Billing Rates
06
Disallow Negative Inventory
Quantities
07
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4. Job Costing Tools
and Estimates
1.
With this feature in QuickBooks Enterprise, you can track
estimated costs, actual costs and strategically plan for
future projects. QBES has a template that allows you to
customize and create estimates for business, and these
estimates can be easily converted into invoices.
QuickBooks Enterprise for Contractors allows you to see
the project's progress, estimated time for project
completion and estimated cost for finishing the project.
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5. 2. Change Order
Functionality
With this feature of QBES, you can easily track
and highlight changes to existing estimates. As
soon as you edit the original estimates,
QuickBooks automatically detects the changes
and displays the updated estimate.
QuickBooks Enterprise for Contractors allows you
to view change orders for each job and their
resulting cost impacts.
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6. 3. Industry-Specific
Reporting
This feature in QuickBooks Enterprise Desktop
allows you to customize the report as per your
unique business requirement.
Advanced reporting bundles together the
reports that are mostly used by the contractors
and you won’t need to sort hundreds of reports
to find the right one.
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7. 4. Improved
Electronic Invoicing
With improved electronic invoicing in QB Enterprise, you
can directly email invoices to customers with an easy
Pay Now link.
Once a client makes a payment, a proper invoice is
created. You can create a separate email template for
your clients and customize it by adding fields like the
purchase order number, etc.
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8. 5. Task Management
This QuickBooks Enterprise feature helps
contractors to keep a close tab on upcoming tasks,
transactions coming up soon, reminders, due dates,
etc. in the built-in calendar to avoid deadlines.
You can even add new tasks in the calendar like
fixing the appointments, meetings, calls, linking
tasks with a vendor, client, or employee.
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9. 6. Flexible Billing
Rates
QuickBooks Enterprise for Contractors allows
contractors to set up rates for vendors, employees,
or customers, which can be changed according to
the project duration and project workload.
This QB Enterprise feature gives the flexibility to
pay according to their job, the task's difficulty, or
experience level.
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10. 7. Disallow
Negative Inventory
Quantities
This feature has an option that warns if there is
not enough inventory to sell and disallow
negative quantities. QuickBooks Enterprise also
has a negative item listing report that shows all
items with negative levels.
You can make adjustments to the report so that
you are only taking orders for the actual quantity
of inventory items in hand.
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11. Ace Cloud Hosting is an Intuit authorized hosting
provider and a QuickBooks Solution Provider of
Intuit products like QuickBooks Pro, Premier,
Enterprise, Accountant and more.
at
discounted rates and/or on High
Performance Computing (HPC) servers with
99.999% uptime and always-on support provided
by ACE.
To know more, visit us at-
Or call us at: 1-855-ACE-IT-UP
Purchase QuickBooks Enterprise licenses
www.acecloudhosting.com
About Us
host QBES
13. References
- Ace Cloud Hosting
Top 7 Features of QuickBooks Enterprise for Construction Businesses
- Intuit
Construction Accounting Software for Contractors | QuickBooks
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