1099 Contractors For Contractors With 10 Employees Using QuickBooks Desktop Bundle
Are you are frustrated with QuickBooks Setup For Employees For Contractors?
Have you tried to setup QuickBooks Chart Of Accounts for your contracting company employees and not sure it was done right?
Do you need a way to track loans to employees to be certain your construction company is paid back?
Do you need a way to track reimbursements to employees?
Have you wasted time Googling "QuickBooks setup for employees" and came away dazed and confused with all the free bad advice?
Have you consulted your accountant and left even more dazed and confused?
If you said yes to any of these questions, then chances are your QuickBooks was not setup correctly. If you used the EZ Step Interview inside QuickBooks, then you have a problem.
That Chart of Accounts Is Designed To Sell QuickBooks
Not For You To Use QuickBooks
This QuickBooks Desktop Chart Of Accounts for Contractors was handcrafted by a team of highly qualified Contractors, Construction Accountants and Project Management Professionals for Contractors like you who are using QuickBooks Desktop and need a Fast Easy Solution!
This QuickBooks Desktop Chart Of Accounts for Contractors employees has the right mix of Asset, Liability, Direct Cost of Goods Sold (COGS), Indirect Cost of Goods Sold (COGS), and Expense Accounts. No guess work, no frustration, no hassle, just done for you the Fast Easy Accounting way!
The EZ Step Interview Chart of Accounts only has 2 Employee accounts
#1 "Payroll Liabilities" And #2 "Payroll Expenses"
It does not include:
- Fixed Asset Accounts for track truck and van purchases.
- Other Asset Accounts for Security Deposits, Notes Receivable and Retention.
- Credit Card Accounts to keep track of what you are purchases and payments.
- Other Current Liabilities Accounts to record Loans and Customer Job Deposits.
- Long Term Liabilities Accounts to record and track Truck and Van Loans, Back Taxes, and Notes Payable.
- Equity Accounts to record and track "Owners Time On Jobs" for Job Costing purposes.
- Income Accounts to record and track Change Orders, Reimbursed Costs, Overhead & Profit, Markup, Refunds, Mileage, and Discounts.
- Cost of Goods Sold Accounts to record and track Labor, Disposal Fees, Vehicle Costs, Small Tools, and Depreciation.
- Expense Accounts to record and track Marketing, Technology, Travel and Entertainment, Shop Rent, and Personal Development Seminars, Books, DVD, and Online Training.
- Other Income Accounts to record and track money that comes into your business but not directly related to 1099 Contractor work. For example Gain on Sale of Assets, Trade Discounts, Fee Income, Bonus From Customer, Scrap Metal, Interest Income, and Rebates.
- Other Expense Accounts to record and track money that comes into your business but not directly related to 1099 Contractor work. For Example Loss on Sale of Assets, Credit Card Interest, Loan Interest, Penalties, Late Fees.
- Loans To 1099 Contractors to keep track of loans to 1099 Contractors
- 1099 Contractor Reimbursements to keep track of 1099 Contractor reimbursements.
- 1099 Contractors Cost Of Good Sold to keep track of Direct and Indirect Cost of Goods Sold for Job Costing purposes.
Our QuickBooks Desktop Chart Of Accounts for 10 Employees Includes Field, Admin, Sales, Operation, Officers, and Independent 1099 Contractors.
This download has 340 Accounts you need to do the job and this includes some of the ones we use to support our Outsourced Contractor Bookkeeping Clients.
You could spend hours trying to figure this stuff out, or you could do what you do best, make money in contracting, buy this Chart Of Accounts and be done with it!
It is Fast And Easy to install into your existing QuickBooks or a new QuickBooks file. Your purchase comes with access to Step-By-Step Video with instructions on how to quickly and easily import the Chart of Accounts in less than 90 seconds.