The exact same report is available in QuickBooks Pro if you use This report shows hours worked on jobs during a designated time period, sortedīy employee. The Contractor Reports menu: Billed/Unbilled Hours by Person and Job (see Figureġ). Therefore, only users willing to start a brand-new file will reap the benefits of the pre-existing setup.īear in mind, too, that virtually all the Contractor activities in the Premier Contractor edition are located in Pro's Customer, Vendor, and Employee menus, and all the reports listed in the Premier Contractor edition's Contractor Reports menu are also available through Pro, although you need to know more about the software to access or create them.įor example, in Premier for Contractors you will see the following report under Once you upgrade your existing file, it will look precisely like Pro, with the exception of the special Contractor activities and reports menus, which you may find convenient. Because your file already contains the Chart of Accounts, the Items List, and possibly the Class List, you will bypass getting to use what Intuit has set up for you in the Contractor's edition. Assuming that you elect to keep your existing company file, you will simply upgrade your current software to the Premier version. Is Pro working for you? If you're already using the Pro version and it's working, much of the initial advantage of the Contractor edition will be lost to you. Which product works best for you depends on several factors: whether you are already using the Pro version your accounting expertise and the extent to which you wish to customize the file. You can get it to give you virtually everything you want for your company, but it takes work and a high level of understanding of the software. QuickBooks Pro offers an open-ended structure that requires the user to fill in what he wants for himself. Cable, for example), security issues (such as firewalls), and convenience. Or not this is realistic, useful, or practical depends on your access (dial-up Premier comes with a 12-month free subscription for Remote Tips), and periodic tasks (list of tasks to perform weekly, monthly, quarterly, Software such as TurboTax), prepare for tax filing (year-end checklist and Your taxes (tips about setting up QB as data source for standard tax-preparing Or temp (legal definitions and advice), improve your cash flow (advice), track Schedules for your assets), manage your receivables (advice), employee, contractor, Instruction on topic of depreciation and allows you to set up depreciation (uses company data), depreciate your assets (Premier version only provides The Company Center option in Pro: measure profitability (uses company data),Īnalyze financial strength (uses company data), compare debt and ownership ![]() ![]() Too much until you run this report, then it's going to be useful.ĭecision Tools include the following options, many of which are available from Get depends on whether or not you're already using other standardized means It also prints out bar charts for easy viewing. You choose the industry and company size for comparison purposes. Profits and profit margin, sales, borrowing, fixed assets, and employees based The Expert Analysis Tool pulls data from two financial periods (to look atĬhanges between periods) and spits out information about your company's liquidity, The financial projection will be incorporated into The Business Plan Tool will help you "build a 36-month financial projection" usingĭata drawn from your QuickBooks company file. The Premier version provides analytical business Relevant they are to your needs is questionable (see "QuickBooks Contractor Business Pro is more powerful than Basic), it boasts some extra bells and whistles. Because it'sīased on the Premier version of QuickBooks (a more powerful version, just as Of job-related reports that are easy to access by a novice user. Invoicing, entering bills, and paying employees, and a special Contractor menu It also contains a Contractor-specific menu of tasks such as estimating, To avoid many of the decisions that would have to be made setting up QuickBooks QuickBooks Premier for Contractors attempts to provide a complete setup includingĪ Chart of Accounts, an Items List, and a Class List that allows the user The answer, not surprisingly, depends on who's asking the question. If you like to customize, stick with Pro if you prefer prebuilt templates and reports, consider ContractorĪs a certified QuickBooks advisor, I am asked by a lot of contractors who are already using QuickBooks Pro ($300 retail) whether upgrading to the Premier Contractor Edition ($500) makes sense for them.
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