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September 30, 2021
Question

I am a general contractor working with remodel and handyman jobs... is there a version of quickbooks that will work for me? the category section is limited in my field?

  • September 30, 2021
  • 2 replies
  • 57 views
I find it hard to separate my purchase orders and business expenses for tools vs client material, as well as waste management services. any thoughts for a general contractor using quick books

2 replies

Fiat Lux - ASIA
Level 14
September 30, 2021

I would recommend using QB Desktop Premier instead. You can purchase a one time license of QBD 2021 or 2020 a lower price to save your money. Setup a private cloud if required.

 

Another option, switch to QB Online Essentials or Plus. Consider having a field service app to integrate with your QB Online account later.

https:// quickbooks.grsm.io/US

https:// quickbooks.grsm.io/us-promo

 

Visit the following reference to migrate data from QBSE

https:// quickbooks.intuit.com/learn-support/en-us/product-preferences/switch-from-quickbooks-self-employed-to-quickbooks-online/00/369511

 

Level 8
September 30, 2021

Hello, musiccapitolhs. 

 

A general contractor might chime in this thread, but I'm here to help you decide what version to use for your work. 

 

Choosing a version actually depends on how you handle your taxes. QuickBooks Self-Employed is intended for freelancers who file their taxes under Schedule C.

 

In addition, there is a way to help you separate the transactions, which I'll be explaining below. 

 

You might also find QuickBooks Online useful since it has the Purchase order feature. This version is good for small business owners.

 

An overview on the product comparison can be found here: https://quickbooks.intuit.com/pricing/

 

Regarding the transaction separation, I'll explain how you can do it on the version of your choice. 

 

If you've opted or stayed with the QuickBooks Self-Employed version, you can use the Tags feature to separate your expenses and other transactions. 

 

To set up your tags, simply click the Gear icon then select Set up tags or Manage tags. Complete the setup interview and add your work-related tags. 

 

When you're done setting them up, add your transactions on the Transaction page then click the + Add tags link under the TAGS column. 

 

 

If you've chosen QuickBooks Online instead, you can use the Class tracking feature to separate your transactions. Your transaction forms will have the CLASS column where you can add classes. 

 

If you need help setting it up and using the classes for your transactions, you can check this article: Turn on class tracking in QuickBooks Online.

 

If you need a guide in managing your Schedule C categories or running reports in QuickBooks Online, feel free to check one of these articles: 

 

 

I'm ready to help you again if you have more questions about the features and functions offered in all QuickBooks versions. Just let me know what you need and I'll get back to you as soon as possible.