This QuickBooks Contractor 2007 Edition is a curriculum designed for Contractors by Intuit.

1. Accounting Concepts for Contractors

3. Home Screen

4. Setting up a new company file

5. Exercise 1-1 Entering your company information

6. Exercise 1-1 Select your industry

7. Exercise 1-1 Select your business structure

8. Exercise 1-1 Select the first month of your fiscal year

9. Exercise 1-1 Set up your administrator password

10. Exercise 1-1 Name and save your company file

11. Exercise 1-1 Customizing QuickBooks for your business

12. Exercise 1-1 What do you sell?

13. Exercise 1-1 Do you charge sales tax?

14. Exercise 1-1 Do you want to create estimates in QuickBooks?

15. Exercise 1-1 Using sales receipts in QuickBooks?

16. Exercise 1-1 Using statements in QuickBooks?

17. Exercise 1-1 Using progress invoicing

18. Exercise 1-1 Managing bills you owe

19. Exercise 1-1 Do you print checks?

20. Exercise 1-1 Do you accept credit cards?

21. Exercise 1-1 Tracking time in QuickBooks

22. Exercise 1-1 Do you have employees?

23. Exercise 1-1 Using accounts in QuickBooks?

24. Exercise 1-1 Select a date to start tracking your finances

25. Exercise 1-1 Add your bank account

26. Exercise 1-1 Enter your bank account information

27. Exercise 1-1 Enter your bank account information

28. Exercise 1-1 Review bank accounts

29. Exercise 1-1 Review income and expense accounts

32. Understanding your chart of accounts 1000 - 1999 Assets 2000 - 2999 Liabilities 3000 - 3999 Equity 4000 - 4999 Income or Revenue 5000 - 5999 Job Costs/Cost of Goods Sold 6000 - 6999 Overhead Costs or Expenses 7000 - 7999 Other Income 8000 - 8999 Other Expense

33. Understanding your chart of accounts 1000 - 1999 Assets 2000 - 2999 Liabilities 3000 - 3999 Equity 4000 - 4999 Income or Revenue 5000 - 5999 Job Costs/Cost of Goods Sold 6000 - 6999 Overhead Costs or Expenses 7000 - 7999 Other Income 8000 - 8999 Other Expense

34. Understanding your chart of accounts 1000 - 1999 Assets 2000 - 2999 Liabilities 3000 - 3999 Equity 4000 - 4999 Income or Revenue 5000 - 5999 Job Costs/Cost of Goods Sold 6000 - 6999 Overhead Costs or Expenses 7000 - 7999 Other Income 8000 - 8999 Other Expense

35. Understanding your chart of accounts 1000 - 1999 Assets 2000 - 2999 Liabilities 3000 - 3999 Equity 4000 - 4999 Income or Revenue 5000 - 5999 Job Costs/Cost of Goods Sold 6000 - 6999 Overhead Costs or Expenses 7000 - 7999 Other Income 8000 - 8999 Other Expense

36. Understanding your chart of accounts 1000 - 1999 Assets 2000 - 2999 Liabilities 3000 - 3999 Equity 4000 - 4999 Income or Revenue 5000 - 5999 Job Costs/Cost of Goods Sold 6000 - 6999 Overhead Costs or Expenses 7000 - 7999 Other Income 8000 - 8999 Other Expense

37. Understanding your chart of accounts 1000 - 1999 Assets 2000 - 2999 Liabilities 3000 - 3999 Equity 4000 - 4999 Income or Revenue 5000 - 5999 Job Costs/ Cost of Goods Sold 6000 - 6999 Overhead Costs or Expenses 7000 - 7999 Other Income 8000 - 8999 Other Expense

38. Understanding your chart of accounts 1000 - 1999 Assets 2000 - 2999 Liabilities 3000 - 3999 Equity 4000 - 4999 Income or Revenue 5000 - 5999 Job Costs/Cost of Goods Sold 6000 - 6999 Overhead Costs or Expenses 7000 - 7999 Other Income 8000 - 8999 Other Expense

39. Understanding your chart of accounts 1000 - 1999 Assets 2000 - 2999 Liabilities 3000 - 3999 Equity 4000 - 4999 Income or Revenue 5000 - 5999 Job Costs/Cost of Goods Sold 6000 - 6999 Overhead Costs or Expenses 7000 - 7999 Other Income 8000 - 8999 Other Expense

40. Understanding your chart of accounts 1000 - 1999 Assets 2000 - 2999 Liabilities 3000 - 3999 Equity 4000 - 4999 Income or Revenue 5000 - 5999 Job Costs/Cost of Goods Sold 6000 - 6999 Overhead Costs or Expenses 7000 - 7999 Other Income 8000 - 8999 Other Expense

43. A profit and loss statement, also called an income statement, shows your income, expenses, and net profit or loss (equal to income minus expenses). The Profit and Loss Statement

44. Setting up your items

45. Setting up items if you generate estimates in QuickBooks 01 PLANS & PERMITS 01.1 Plans 01.2 Building Permits 01.3 City/County Licenses & Fees

46. Exercise 1-2 Creating items for job phases

47. Exercise 1-3 Grouping related items

48. Setting up your customers and jobs

49. Setting up your vendors and subcontractors

50. Setting up and using class tracking

51. Exercise 1-4 Setting up class tracking

52. Estimates and Invoices

56. Exercise 2-1 Turn on estimates and progress invoicing

57. Customizing the estimate form

58. Exercise 2-2 Customizing an estimate form

59. Exercise 2-3 Create an estimate

60. Creating an invoice

62. Creating a set price invoice

63. Exercise 2-4 Creating a set price invoice

64. Invoicing for cost plus or time and materials jobs

65. Creating a fixed price invoice

66. Exercise 2-5 Creating a new fixed fee billing item

67. Creating a progress invoice

68. Job Costing

70. Setting up your customers and jobs

72. Exercise 3-1 Entering a bill for items

73. Using purchase orders to track committed costs or subcontractor bids

74. Exercise 3-2 Enter a subcontractor’s bill checked against the original bid

75. Entering credit card charges for project-related costs

76. Exercise 3-3 Entering credit card charges for project-related costs

77. Handling petty cash

78. Exercise 3-4 Handling petty cash

79. Understanding job cost reports

92. Specialty Contractors

93. Handling reimbursable expenses

95. Handling product sales and inventory If you sell products as well as services, you may want to use the inventory feature to track the products you buy and sell.

96. Tracking noninventory materials used on a job Generally this would apply to painters, electricians, or landscape contractors who purchase materials in bulk (like paint brushes, masking tape, electrical tape, switch plates, and so on) and who want to allocate portions of the materials (perhaps a paint brush or two) to a specific job.

97. Exercise 4-1 Tracking noninventory materials used on a job

98. Commercial Contractors

99. Paying Union Benefits

100. Exercise 4-2 To see hours worked for each employee on a union job

101. Certified Payroll Reports

102. Exercise 4-3 Creating a certified payroll report

103. Tracking the costs of spec houses or developments

104. Tracking costs of construction

105. Entering costs

107. Overview of steps when you sell a spec home This method uses four separate transactions and a "dummy" checking account named Closing Account. The dummy account keeps dummy entries out of your real checking account and helps you avoid confusion when reconciling your real account. The balance in the dummy account will be zero if you properly enter all transactions dealing with the sale of a home.

108. Exercise 4-4 Recording the sale of a spec home

109. The End!