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beankeeping2017
Level 2

Chart of Accounts for a construction company

I am trying to set up QBO for a construction company with a reno division.  Is there a sample, example, template chart of accounts that anyone knows of to make life easier?

3 Comments
JamesM4
QuickBooks Team

Chart of Accounts for a construction company

Hi beankeeping2017,

 

Knowing the right way to set up your Chart of Accounts can give you an advantage when it comes to keeping track of your transactions. QuickBooks is a powerful program that enables you to seamlessly bring your financials into focus. I'll be happy to steer you in the right direction. 

 

To ensure accuracy, it's always best to contact an accounting professional to get expert guidance on how to set up your Chart of Accounts in order to suit your construction company's needs. I encourage you to also check out this powerful resource which has vast info on Creating 31 Industry-Specific Charts Of Accounts in QuickBooks. You can also check out this helpful article with more info on Chart of accounts in QuickBooks.

 

I hope this info helps. You're more than welcome to reach out if you have other questions, I'm here to help. 

beankeeping2017
Level 2

Chart of Accounts for a construction company

I am a bookkeeper, and basically I need to know what accounts are normally used for a construction and renovation company so that I am able to set up the books properly.  

LauraAB
QuickBooks Team

Chart of Accounts for a construction company

I hear what you're saying, beankeeping2017, and I want to make sure you get the information you need to complete this setup. I can clarify what's been mentioned here so far so you know the direction to take to get on track with this in QuickBooks Online.

 

As members of the QuickBooks Team, my colleague who originally responded to you and I are able to guide you through something like how to create an account in the Chart of Accounts, but we can't advise on what accounts to create or what the best setup would be. We have training in the product, but not bookkeeping training, which is why at this point it's best to speak with another accounting or bookkeeping professional for advice. You may find another QuickBooks users could reply to this thread, but for more immediate assistance, consulting your colleagues or others in the field is the best course of action.

 

It's important to us that you or your clients' books are configured for accurate and easy tracking. I hope this helps shed some light on the direction you've been given so far. Have a great week!