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QuickBooks 4 Contractors blog

QuickBooks for Contractors blog

  • There is so much news and information floating around the web – it’s difficult (at best) to keep up! I’ve added a WordPress plug-in that grabs information from my Twitter stream to help me (and hopefully you as well) keep up with everything. Look for the Weekly Wrap-Up: News You Can Use every Friday. See what caught my attention this week in these topics: Accounting & Taxes, eBooks/Webinars/Videos, Payroll/Certified Payroll/Prevailing Wage, QuickBooks, Small Business/Organization/Productivity, Construction, and Social Media/Marketing/Website Design.

  • Entering payroll for normal employee work hours and drive time and passing only the work hours through to client invoices is not only important but confusing. The following question was submitted by a reader who pays from the start of the first job till the end of the last job of the day (not including lunch break). I have my employees fill out a time tracker sheet each day that shows the time started at the first job till the end, drive time in between jobs, so on and so forth. I enter this into QuickBooks but I can't figure out where to enter in drive time to pay the girls their hourly wage on payroll but to not invoice anyone for drive time.

  • Can you deduct the cost of lost equipment from your employee’s pay? As a business owner I'm betting that on more than one occasion you have had an employee who has lost his company provided cell phone more than once and you've have to replace it. Perhaps you want to recover the cost of the phone via a payroll deduction - before you do, read the rest of this article, because the answer depends first on state and federal restrictions and second on how much you want to deduct.

  • There is so much news and information floating around the web – it’s difficult (at best) to keep up! I’ve added a WordPress plug-in that grabs information from my Twitter stream to help me (and hopefully you as well) keep up with everything. Look for the Weekly Wrap-Up: News You Can Use every Friday. See what's in store this week!

  • An important QuickBooks Payroll System Maintenance Announcement - a system-wide upgrade will start at 6 p.m. on Thursday 5/24/2012 and continue through 5 a.m. on Tuesday 5/29/2012 - Direct Deposit will also be effected and don't forget that this is also the Memorial Day holiday weekend! QuickBooks Payroll will not process direct deposit checks dated for Monday, May 28, 2012 due to the Memorial Day holiday. In order for your employees to receive their paychecks before Monday, May 28, you should change your paycheck date to Friday, May 25 and send your payroll by 5pm PT on Wednesday, May 23.

Certified Payroll Training

How To Fulfill Your Certified Payroll Reporting Requirements.  Live 2-hour training webinar - $89.00 per person.  Click here for more information.

certified payroll reporting training webinar


  

New QuickBooks Support & Training Website

We've launched a new website specifically for QuickBooks Support & Training.  Visit Learn to Use QuickBooks in your construction business.

Read more...

Matching  Your QuickBooks Paycheck Totals With Your Certified Payroll Report Totals

A guide for verifying and troubleshooting the accuracy of your final certified payroll reports before you submit them is an important step in your overall success in using Certified Payroll Solution and getting paid on time.

This mini-manual focuses on the Federal WH-347 form - which everyone has access to, 99% of the time, if the WH-347 form is accurate, any other state specific form that you are required to complete will be also.  It will teach you how to:

Match your QuickBooks paycheck totals with your Certified Payroll Report totals and correct the 6 most common problems, based on over 10 years worth of support calls:
1.  When employee Work Classifications are not correct
2.  When Straight Time and Overtime hours do not show correctly, are displayed under 2 different Work Classifications, or are missing
3.  When Column 6 does not display the correct base rate of pay and/or cash fringe rate
4.  When Gross Amount Earned ALL JOBS (the lower number in Column 7) does not match the total Earnings PLUS any Additions included on the paycheck
5.  When Total Deductions do not match the Taxes PLUS any Deductions withheld on the employees paycheck AND when Net Wages Paid for Week (Column 9) does not match the amount of the paycheck
6.  When the "Other Deductions Key Coding" does not accurately reflect the deductions taken from the employee paychecks
Verify where every piece of information on both the Certified Payroll Report AND the Statement of Compliance comes from so there are no "empty" spaces or missing information

This 37-page document is divided into 3 sections and procedures for matching your paycheck totals with your final certified payroll report totals.  The procedures are different depending on how you pay the fringe benefit portion of the prevailing wage:

  • Full fringe amount is paid to the employee as part of gross hourly wage
  • Full fringe amount is paid to a Union or into a bona-fide plan
  • A portion of the full fringe is paid to a bona-fide plan and the balance is paid to the employee in cash

Download your copy of icon Matching Your QuickBooks Paychecks With Your Certified Payroll Reports today.