Building Construction Quickbooks Accounting FAQS

• How to Pay Independent Contractors on QuickBooks?
• In what way to set up QuickBooks for Construction?

1.How to Pay Independent Contractors on QuickBooks?

Although independent contractors might offer services for your business similar to an employee, you should not classify or pay your contractor as an employee through Quickbooks. Independent contractors are considered vendors and you must enter bills and issue payments to contractors in the same way you would enter and pay other bills in Quickbooks. You should complete a three-part procedure to set up and pay your contractor accounts through the software.

2. In what way to set up QuickBooks for Construction?

QuickBooks is one of the most commonly used accounting software systems being used for small businesses. QuickBooks Pro is able to accomplish the accounting for a small construction business, though there is a more advanced program available through QuickBooks Premier that provides additional features for additional money. There is divided debate as to whether the Premier version warranties the additional expense over the Pro version. The contractor version of the QuickBooks Premier has features that are particular to job costing and billing for the construction industry. The setup of a construction company, regardless which version you purchase, is the same.