Well-Balanced Accounting, Inc.

Overview

QuickBooks® for Construction Companies

List Set Up

  • How lists work
  • Results of proper list set up

Chart of Accounts

  • Choosing accounts
  • Work in progress (WIP)
  • Why WIP is needed
  • Using WIP

Items

  • Expenses versus Items
  • Items for Sales
  • Items for Expenses
  • Additional Sales Items
  • Time and Materials
  • Fixed/Contract prices
  • Special Items

Deposits/Draws

  • Deposits Overview
  • Deposits & Financial Statements
  • Closing a Job

Retainage

  • Withholding Retainage
  • Billing Retainage

Payroll Items

  • Worker's Comp Overview
  • Worker's Comp from last year
  • Worker's Comp for this year

Costing

  • Owner's time
  • Owner's time set up
  • Entering Owner's time

Classes

  • Using Classes for Workers Comp codes

Customer/Job List

  • Customer set up
  • Job set up

Estimating

  • Estimating Fixed Price Jobs
  • Estimating Time & Materials
  • Multiple Estimates
  • Change Orders
  • Invoicing

Vendors & Expenses

  • Committed Costs
  • Automating Purchase Orders

Transactions & Reports

  • Customers/Jobs
  • Reports — Unpaid bills by job

Questions?

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Contact Us

Well-Balanced Accounting Inc. | 1805 S Bellaire St., Ste 365 | Denver CO 80222 | 303-692-8363

© 2026 Well-Balanced Accounting Inc.