Intuit continues to develop industry-specific accounting solutions.
QuickBooks Enterprise Contractor Edition has proven to be one of the best accounting software packages for businesses in the construction field. QuickBooks Enterprise Contractor seeks to make accounting and operational workflow easier for firms that work on contract-based projects. The software also comes loaded with important tools for tracking and reporting, cash flow in the business.
QuickBooks Enterprise Contractor Edition Features
QuickBooks Enterprise as a whole aims to facilitate the accounting process and automation industry-specific tasks. The Contractor edition of QuickBooks Enterprise offers the following features to users.
Manage project cost
Use this great tool to determine quotes for your clients. If there is a change in project specifications, you can use the job costing center to keep track of the cost implications and ensure your company stays in profit despite project changes. You can also use the job costing center to get a quick view of how much you have spent so far on the current state of work. Gather information on estimates, actual amounts, bank reports, and changes in prices of materials, into one powerful analytic tool. Determine quickly whether you are running at a loss or in profit on each project.
The Work-In-Progress (WIP) tool also shows how far work has gone already and what remains to be done. Since the WIP tool is comprehensive enough, there will be no need to create individual reports.
The one key factor that determines success in the contract business is the ability to deploy both office and technical staff to work efficiently on projects. QuickBooks Enterprise Contractor Edition makes this easier as managers can keep track of both the technical team and office staff. Managers can activate the embedded Intuit Field Service Management tool. This makes dispatching technical crew seamless. Create work orders, and track them through invoicing and receivables. You can grant 1 to 40 users simultaneously access to your work-related files via cloud hosting.
Industry-specific reporting tools
The reporting format a sales business requires definitely differs from that of a contractor. As a contractor, you will find a handful of reporting formats that you can choose from. With QuickBooks Enterprise Contractor, you can also customize your reports to reflect your preferences and ideas.
Pay your workers
Use QuickBooks Enhanced Payroll tool to make direct deposits into your workers' bank accounts. You can also create any number of cheques you require. Generate W-2s and file workers' taxes all by yourself without incurring extra costs for these features. The payroll system is efficient and saves you valuable time.
Integrate your productivity tools
Connect your QuickBooks to tools such as SalesForce CRM, Timesheet apps, and inventory software tools you have been using previously. Below is a list.
Auto Entry: Streamlines entry of bills, invoices, bank statements, and sales. It can export data to QuickBooks in just a few clicks.
Builder trend: Manage your workflow and technical team with this app. Use the tool to share vital information such as project blueprint, specifications, or photos with clients and workforce.
House call Pro: Performs scheduling, CRM, invoicing, and marketing for your business.
Ease of Scaling
QuickBooks Enterprise Contractor also accommodates spikes in the demand for your services. As your company grows, you will need to handle more data. This will means you will be needing more data storage space and efficiency tools. QuickBooks Enterprise Contractor offers different plans to help cater to the size of your business.
No need for technical knowledge
QuickBooks products are designed with the ordinary user in mind. Although, your accountant will be able to use QuickBooks better than you ordinarily, you will get lots of help to ensure you can use the features you need. We also offer technical assistance to our clients anytime they need help.
New improved features
Intuit continues to add new and exciting features to QuickBooks Enterprise Contractor. There is has been lots of upgrades since 2015. You can expect more cool features that would help boost your business.
The QuickBooks Enterprise Contractor is an ideal accounting tool for construction companies and contract businesses. It offers more than just automation of business processes. It also allows for transparency and accountability. With this software, you can get ideas on how to improve clients' patronage and move your business to greater heights.