The NYC Department of Small Business Services (SBS) presents this free virtual clinic for our New York City-certified Minority- and/or Woman-Owned Businesses Enterprises (M/WBEs)- construction and construction trade firms through our Bonding Services offering:
QuickBooks(TM) for Construction Clinic
This upcoming clinic will be delivered via webinar.
PLEASE NOTE: By registering for this clinic, you should be aware that the webinar will begin at 10 am via ZOOM. A separate email containing the Zoom link & details will be sent to registrants only.
WHAT IS COVERED DURING THIS CLINIC: Need help organizing your construction firm's accounting? QuickBooks(TM) Premier Edition for Contractors is an inexpensive software option that can be learned quickly and easily and implemented to ensure that your construction company's bookkeeping is clean, detailed, comprehensive and organized - what lenders and surety bond companies look for in applicants. Through this virtual clinic, a Construction CPA will provide a detailed walk-through of QuickBooks(TM) Premier Edition for Contractors, so you can learn to use the software to manage your job costs more effectively and accurately and provide the financial reports required by surety companies for bonding and by lenders for access to capital. If you still need additional assistance with the software after attending the Clinic, you can request a free one-hour one-on-one virtual session with our Construction CPA.
Webinar (10:00am-4:00pm):
How to Set Up QuickBooks Premier Contractor Edition:
- Overview of why this software version is more compatible with the construction industry
- Importance of Job Cost Accounting
- Setting Up Your Company
- Selecting the Type of Contractor – GC vs Trade
- Chart of Accounts Overview
- Setting Preferences
- Navigating Through Major Accounting Functions
*BREAK 15 Min*
Payroll, Bookkeeping & Recording Transactions:
- Setting Up Customers & Vendors
- Recording Transactions:
- Estimates and Invoices
- Payments
- Change Orders and Credit Memos
- Bills
- Payments to Subs and Suppliers
- Deposits
*LUNCH BREAK 45min*
3. Payroll
4. Banking Functions
*BREAK 15min*
Management Reports:
- Monthly Reports & Job Reports
- Contracts in Progress Schedule (WIP)
- Balance Sheet
- Income Statement
- Tie-In to CPA Financial Statement
*END*
Who Should Attend This Clinic:
- Construction and Trade M/WBEs
- Graduates of SBS' or other mentorship programs
- NYC-certified or eligible to be certified M/WBEs
- 3+ years in operation
- Doing public or commercial work
Once you have registered, please keep an eye out for a separate email, that will be sent to the email you supplied on this registration, that will contain the Zoom event login instructions and event access link closer to the date of the clinic.
The NYC Department of Small Business Services presents these free QuickBooks(TM) for Construction Clinics through our Bonding Services, which offers these Clinics, webinars and one-one-one bonding technical assistance to assist construction M/WBEs with preparing for and applying for surety bonding.
