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10 General errors made while using QB for construction business by steve smith





10 General errors made while using QB for construction business by
Article Posted: 07/25/2015
Article Views: 1089
Articles Written: 41
Word Count: 513
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10 General errors made while using QB for construction business


 
Science & Technology,Business,Business Opportunities
QuickBooks, the prominent accounting software from Intuit has been the personal favorite of many users for handling there accounts, payroll and job costing related task. Its competency in the field has attracted many business owners handling variety of businesses. Even its positive presence can be seen on construction business doing some fantastic job for their vendors. The overall design of the software speaks a lot about the product that how it has specifically made up for this purpose only. However this has been the specialty about the QB it fits exceptionally well with every kind of business that it seems like it is made for that particular business only.

In case of construction business the product design meets the requirement from a small size operator to a bridge builder. Being a part of construction business you may know what important role a blueprint plays for such work. Same has been the role of QB financial software like the blueprint of the building or the structure QuickBooks let you track all your inflow and outflow of cash. If any issues regarding cash inflow and outflow, you can easily contact with QuickBooks Tech support Phone Number.

However there has been seen a pattern of mistake followed by most of the construction business owner while using the product. As a matter of fact we too understand that though QuickBooks gives every customer a sign of easiness in every department. Still we have to understand when such things come written under the banner that “easy to use” ,”easy setup” they are all marketing strategy. Handling a software with plethora of features if doesn’t need expertise but it will surely ask its user to have some technical knowledge. Same goes for QuickBooks, many times its users have been seen dealing with the software in complete wrong manner. You can also get details about payroll issues with QuickBooks Payroll Support Phone Number.

Below here we have bring out few common mistakes that we have noticed among users while using QB for a construction business.

1. Unnecessarily creating a new QB file for each project. 2. The entire contractor using the same chart of Account. This may lead to duplicity of item list. 3. As they doesn’t have the proper idea of what tab should be used for what purpose, it has been seen that they entered data in wrong tab. Most common example when job cost is entered using the Account tab. 4. As customer details are wrongly inserted, hence receiving customer payments disorderly. 5. Bank and credit cards statements were been keep separated. 6. Expenses and Income are not properly tracked. 7. Manually entering the function instead of using the built-in function, which results to slow down the process. 8. Vendor credits were not been applied properly to bills.

Most of all, the biggest mistake that has made by many is lack of interest to learn how to use QB effectively so that they can utilize all the functions. Our Quickbooks Proadvisor is ready for your technical issues and also reach us at QuickBooks Proadvisor Support for getting quick solutions.

Related Articles - QuickBooks Tech support Number, QuickBooks Tech Support Phone Number, QuickBooks Technical Support,

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