QuickBooks accounting software has long been trusted by contractors, business owners and professionals from various industries and sectors. It offers many features like tracking income, expenses, vendor payments, employee salaries, inventory management, and much more. Though QuickBooks offers a great collection of features, it still lacks some of the industry specific features. So using a construction accounting software with QuickBooks integration helps you fill those gaps in your business operations.
Helpful And Highly Effective Combination for Contractors
- You can integrate Field Service Software with QuickBooks, so you don’t have to enter data twice. When your staff creates an estimate or invoice in Field Service Software, it automatically creates an entry in QuickBooks–so you don’t have to do anything extra!
- This Combo provides Contractors in the construction, electrical, plumbing, HVAC, Solar, and painting fields flexibility and features that make job costing, accounting, and invoicing easier than ever.
- With the help of the internet, you can easily connect your office staff with field workers. This way, you can clearly see what is happening in the field.
- This integrated solution is a boon for small businesses that want to improve operational efficiency and financial control at an affordable price.
Automatic Bank Feeds in Your Software
The duo of construction accounting software and QuickBooks offers automatic bank feeds. This way, all your transactions are updated in the software, and you don’t have to manually enter them.
You can also connect your payment processor to the software so that when a customer pays online, the payment gets reflected in the software immediately, and you don’t have to wait for the bank to process the payment.
Connecting your bank account with accounting software automatically downloads your transactions and categorizes them for you. This saves a lot of time!
You can also set up rules so that all similar transactions are categorized in the same way. For example, if you always use the same vendor for construction materials, you can set up a rule so that all transactions from that vendor are categorized as construction expenses.
This feature is particularly useful for contractors, who often have to make many small purchases from different vendors. Automatic bank feeds help them save time and ensure that all their transactions are accounted for.
No more manual entry or reconciliation, no more exporting and importing files! With an integrated construction accounting software, all you have to do is log into the platform whenever you want to add new jobs or clients, or employees.
Track Time, Invoice Quickly, and Go Green
- Manage your inventories, crew time, and project expenses in one place.
- Get real-time reports on job costing, budgeting, and progress billing.
- Field workers can clock in and out from the job site using their mobile phones.
- Quickly convert estimates into invoices with a click of a button.
- Eliminate double data entry by having all your information in one place.
- Generate accurate timesheets for payroll with GPS trackers.
- Go green with electronic invoicing. No need to print any invoices or send them through snail mail. Just email it!
- Track payments, receipts, and job profitability.
Easy Access to Your Financial Records
QuickBooks helps you keep track of your finances and stay organized so that you can focus on what matters. It’s easy to access your financial records, even when you are working remotely. You can also share information with the business owner or accountant if needed, as well as other team members such as project managers and construction managers.
QuickBooks will help you stay on top of things so that it does not become overwhelming for anyone involved in the project. With QuickBooks Construction Accounting Software integration, there are no excuses for being unprepared at any time during construction projects.
Keep track of bills and invoices, know when payments are due, and see how much money is coming in and going out. QuickBooks provides up-to-date financial statements so that you can make informed decisions about your construction projects.
Streamlined Software with Automated Updates
Integrating QuickBooks into accounting software makes it easy to keep your business’ financials up-to-date. The software automatically updates with new versions and releases, so you don’t have to manually update things yourself. Integration also makes it possible for the two systems to communicate with each other in the background, which can speed up processes and make them more efficient.
It is also possible to roll back updates if necessary or revert back to previous versions of your accounting software if needed. This means that if you find one of the newer updates causes issues for your business, you can roll back the changes in no time at all!
QuickBooks is a reliable choice for businesses of all sizes, and its integration with construction accounting software will definitely uplift your business.
We hope this blog has helped you understand how construction accounting software and QuickBooks integration can help your business. We recommend giving it a shot if you haven’t already!
Start a 14-day free trial today and see how our construction accounting software can help you take your business to the next level!
