Contractor Success Map With Randal Dehart | Contractor Bookkeeping And Accounting Services

This Podcast Is Episode Number 0105 And It Will Be About How QuickBooks Journal Entries Distort Construction Job Cost Reports Lately We Are Seeing An Increase In QuickBooks Journal Entries Journal Entries - Are a quick and dirty way to get transactions in without putting forth time and effort to enter each transaction. In the short run you save time; in the long run you can forget about accurate Job Cost Reports. Credit Card Statements - Are the most common example we see followed by vendor statements from lumberyards, Home Depot, Lowes, concrete suppliers, plumbing and electrical suppliers and others. The Bookkeeper - Shuffles through a pile of paperwork or electronic documents and finds a credit card statement and notices that it has a lot of transactions. Depending on how well the bookkeeper has trained the contractor is what determines whether the transactions are properly entered and the costs assigned to a job using the item codes or if there is one giant Journal Entry. Using Journal Entries - Means the