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Top 5 Things QuickBooks Experts Always Do (and You Should Too)

New to QuickBooks? Feel like you’re all alone? Well, you’re not! You’ve started your new business from scratch and know you need to really get a handle on your numbers. Maybe you’ve been recruited by a family member – or hired by a business owner – to take over the bookkeeping. Perhaps you’ve decided to switch your …

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How to Use QuickBooks Job-Cost Features to Achieve Your Gross Profit Goals

QuickBooks is designed to help you to plan, measure, and monitor company and job results. When you use its management reporting tools you can immediately see operating and financial results. You can use this information to proactively take action to correct problems – before they spin out of control! Or, after you take a deeper look, you …

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Top 7 Reasons Business Owners Call a QuickBooks ProAdvisor

Assistance from a QuickBooks Prodvisor

Based on 20+ years of incoming requests for assistance from business owners, here are the top 7 reasons I’ve found that they call me as a QuickBooks ProAdvisor. See if any of these scenarios sound like what you may be facing in your company… As a business owner, you learn through trial and error what makes …

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5 Ways To Make Your Construction Business More Profitable With QuickBooks

COGS in the business machine

Finding clients and providing products and services – that’s just the beginning! Here’s how to be more profitable with QuickBooks… Successfully managing your own company means that you need to get profitable – and stay that way. Unfortunately, many business owners don’t realize how their day-to-day financial info impacts their profits. To achieve consistent profitability, …

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Markup Calculator & Gross Profit Guide (+ Quick Conversion Charts)

Use this overview reporting example to help check your company-wide Gross Profit. If you divide your profit by the Cost of Production, you can then compute what your average Markup has been. Have you been charging enough?   Use the following reference charts to easily convert between Gross Profit and Markup as you estimate costs …

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How to Squeeze More Profits Out of Every Construction Job

How to squeeze more profits out of every job

A version of this article first appeared in the Builder Partnerships newsletter. It just seems logical that every business owner would want to know exactly what each type of job costs, so they know how to price it. Right? And they’d want to monitor what’s going right and what’s going wrong (financially) as the job …

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QuickBooks Sunset on May 31 – What does it mean for your business?

Will the QuickBooks Sunset Impact My Accounting or Intuit Services? Until May 31, 2021, QuickBooks provides customer support and add-on services for Pro, Premier, and Enterprise Solutions 2018, 2019, 2020, and 2021. However, if you are still using a 2018 version of QuickBooks, your business may be affected on May 31st. Why? If you are …

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15-Months in Your Business Year? How & When Will You Invest Them?

Business Planning Group

January to December… Our calendar encourages us to divide our personal and business lives into those 12-month chunks of time.  But what could happen if we decided to break out of that traditional mind-set – especially when it comes to business planning?        My “15-Month-Year” Business Planning & Coaching Session I recently sat in …

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Under Billing Calculation for Employee Labor: Free Calculator

under billing calculation

How Much Could You Be Losing if You Under Charge for Employee Time? Free Calculator Helps You Estimate!   Are You Losing a LOT of Money By Under Billing for Employee Labor? Let’s do the math: Here’s a free calculator you can use to find out how much revenue you may be losing over one, three, and five years if …

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QuickBooks Payroll: 5 Major Benefits

QuickBooks Payroll

Yes, your initial QuickBooks payroll setup can take some time and requires attention to detail. BUT manual payroll-processing requires even more work – and you have to do it over, and over, and over. Which sounds like the better choice?    Ask 10 small business people which element of their accounting tasks they’d like to shed, …

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Employee Shadowing Teams: 9 Reasons To Create Them

What might you be able to accomplish for your company if you create employer or employee shadowing teams for a couple of hours? Or even a couple of days? Employer or Employee Shadowing – Could It Work For YOUR Company? A client recently told me that she wasn’t as pleased with the performance of a couple of …

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QuickBooks Payments: Easier, Faster ‘Money-in-the-Door’

QuickBooks Payments or Merchant Services - Get Paid from your desktop, a customer invoice, or mobile app

When you make it easier for your customers to buy from you – and pay you – two things typically happen: your sales increase, and you get paid faster. That means enhanced cash flow and fewer collection calls. Plus, a side benefit is that customer satisfaction is often higher when goods or services have been paid …

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Setting Up Payroll Schedules in QuickBooks

QuickBooks Payroll and Payroll Schedules

One of your early tasks as a payroll administrator will be to establish payroll schedules for your employees. Here’s how. Payroll administration can be complex and time-consuming. It requires precision and tremendous attention to detail. Because your employees are counting on you for their livelihood, and multiple taxing agencies expect you to submit your payments …

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A Tale of 4 Companies: Gross Profit & Job-Cost (Part IV)

Communicating the Schedule Keeps Job Costs on Target to Hit Gross Profit Goals

Targeting Gross Profits: How Estimators and Supervisors Focus on Goals & Job-Costs at Paul’s Perfect Projects, LLC If you haven’t already read them, you’ll probably want to visit Part I, Part II, and Part III of this “Tale of 4 Companies: A Job-Cost & Gross Profit Percentage Drama” before beginning the following “Part IV”. As we join Paul and …

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9 Best Practices for QuickBooks Payments

They’re not cast in cement, but accounting professionals tend to agree that these best practices for QuickBooks payments can improve the speed and accuracy of your payments – both incoming and outgoing. Old habits are hard to break. Once you start doing something one way, it can be hard to change course. There has to …

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A Tale of 4 Companies: A Job Cost & Gross Profit Percentage Drama (Part II)

Paul (of Paul’s Perfect Projects, LLC) tackles the gross profit problem by showing Dave his Estimate vs. Actual variance reports.  (If you haven’t already read it, you’ll want to visit Part I of this “Tale of 4 Companies: A Job-Cost & Gross Profit Percentage Drama” before jumping into the following “Part II”…) Paul’s Approach to …

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