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Beginner•3 modules•1.5 hours

QuickBooks Setup for Contractors

Configure QuickBooks Online the right way from day one. Chart of accounts, job costing, class tracking, and reports that actually help you run your business.

Start Module 1 Free

Prerequisites

This course assumes you have a QuickBooks Online account (Simple Start, Essentials, Plus, or Advanced).

New to contractor finance? Start with Finance Fundamentals first.

What You'll Learn

  • ✓Set up a contractor-specific chart of accounts
  • ✓Configure job costing and class tracking
  • ✓Link every expense to the right job
  • ✓Generate P&L by job reports
  • ✓Track AR/AP aging properly
  • ✓Build a weekly financial review habit

Course Modules

130 min

Chart of Accounts for Contractors

  • 1Why the Default Chart of Accounts Doesn't Work
  • 2Income Accounts: Breaking Down Revenue by Type
  • 3Cost of Goods Sold: Labor, Materials, Subs, Equipment
  • 4Overhead Accounts: What Goes Where
  • 5The Contractor-Specific Account List
235 min

Setting Up Job Costing & Classes

  • 1Projects vs Classes: When to Use Each
  • 2Creating a Job/Project Hierarchy
  • 3Linking Expenses to Jobs
  • 4Tracking Labor Hours and Costs
  • 5Sub-customer Setup for Commercial Work
325 min

Essential Reports & Dashboards

  • 1Profit & Loss by Job: The Most Important Report
  • 2Open Invoices Aging: Know Who Owes You
  • 3Accounts Payable Aging: Know What You Owe
  • 4Custom Reports for Contractors
  • 5Setting Up a Weekly Financial Review

After This Course

Now that your books are set up right, learn to manage your cash flow like a pro.

Cash Flow Mastery →