QuickBooks Enterprise Contractor: Features, Pricing & More
QuickBooks Enterprise Contractor edition is a one-stop solution that helps in managing construction projects, job costs, payroll, and reporting, which is mainly designed for contractors & construction firms. Moreover, it also provides flexibility to work from anywhere with cloud hosting. Not only this, but it also gives an end-to-end solution for construction projects, from initial estimates to professional quotes for tracking. However, selecting the correct setup needs a proper understanding of features that your subscription includes, how progress billing works, and whether payroll or cloud hosting adds value.
In this write-up, we have explained the key capabilities, pricing considerations, and alternatives to identify which QuickBooks Enterprise is suitable for your construction accounting needs.
What is QuickBooks Enterprise Contractor?
QuickBooks Enterprise Contractor is an industry-specific accounting & project-management software designed for contractors to manage estimates, costs, and profitability. It also provides a contractor-oriented framework for organizing project revenue, purchases, billing, and job costs.
Instead of treating the company as one set of income and expenses, job costing helps you evaluate individual projects. You can match the estimated costs with actual costs to determine expenses assigned to each job to review profitability.
Key QuickBooks Enterprise Contractor Features
QuickBooks Enterprise Contractor features help construction businesses manage job costing, estimates, progress invoicing, expenses & financial reports. These tools help contractors track project costs, monitor profitability & streamline billing. This helps in taking informed financial decisions.
1. Construction Job Costing-
Job costing enables you to track estimated costs and actual costs so that you can strategically plan for future projects. You can attach digital timesheet entries to your projects and assign different hourly rates accordingly. The cost categories mainly include;
- Materials & Supplies
- Subcontractor charges
- Permits & additional project costs
- Equipment & other job-related expenses
- Employee labor
2. Estimates & Project Budgeting-
Contractors need to calculate the estimated cost of a project before finalizing a price. The QuickBooks Desktop Enterprise supports estimating & job-cost workflows to compare planned costs with the actual spending. Furthermore, to make the estimates more useful, consider the following points;
- Break the project into meaningful cost categories.
- Make an estimate of labor, materials, subcontractors & other expenses.
- Record purchases, bills, and time against the correct job.
- Verify the estimated versus actual costs regularly.
- Update your forecast when approved scope changes affect the budget.
3. Progress invoicing for contractors-
Progress invoicing enables the contractors to bill customers in stages rather than requesting the complete project amount at once. This is mainly helpful for remodeling, long-running construction & installation projects.
However, in QuickBooks Desktop you can create estimates & generate progress invoices based on a percentage of the estimate, remaining amounts, or selected items. Besides this, you can also check the progress-invoicing reports to match estimated amounts with billed amounts.
A practical workflow is;
- Create an estimate for the project.
- Enable estimates & progress invoicing in the appropriate Desktop preferences.
- Record the work & costs associated with the job.
- Create an invoice for the agreed portion of the estimate.
- Review previous invoices & the remaining amount before billing again.
4. Contractor-focused financial reporting-
QuickBooks Enterprise also offers customizable reports designed for contractors, including advanced reporting & financial statements. It helps business owners decide whether projects are profitable and if billing is keeping pace with costs. Depending on the product & configuration, useful reporting areas include;
- Job profitability
- Estimated versus actual job costs
- Project expenses
- Unbilled work or expenses
- Customer balances and outstanding invoices
- Work-in-progress information where supported
Reviewing these reports regularly will help in taking the right business decision. It will provide you with clear insight to correct missing transaction assignments and address delayed customer payments.
5. Cloud Access & Mobile Integration-
QuickBooks Enterprise for Contractors Edition lets contractors access projects from anywhere with cloud hosting capabilities. Moreover, the field teams can submit timesheets, upload receipts, & can communicate with office staff in real time. This improves efficiency and minimizes administrative errors.
6. Construction-Specific Tools-
The Contractor charts of accounts simplify the tax preparation & financial management tasks. Features such as budgeting, inventory tracking, and progress invoicing are designed according to the industries. These industries may include electrical, plumbing, and HVAC.
7. Payroll & Labor tracking-
The software integrates with QuickBooks Desktop Payroll, which allows you to pay workers using printed checks or next-day direct deposit. Moreover, it supports different billing rates according to role or task. Thus, it lets you track employee time via mobile devices and then syncs data automatically for accurate payroll processing.
QuickBooks Enterprise For Construction: How It Helps Manage Projects
Managing a construction project means a lot more than completing work at the job site. Contractors need to handle the labor costs, track expenses, coordinate subcontractors, and purchase materials. Ensure that every project stays within budget. However, when several projects are running simultaneously, keeping track of these details can become more challenging. Here comes a time when QuickBooks Desktop Enterprise may help.
Here we have listed different ways QuickBooks Enterprise helps construction businesses manage their projects.
1. Track Project Cost With Job Costing:
Contractors often face challenges in figuring out how much a project actually costs. Expenses can come from different areas that include building materials, equipment, employee wages, and subcontractor payments. If any issue is faced while tracking these costs, it becomes difficult to find out whether the project is making money.
Using the Job Costing feature in QB Enterprise, contractors can easily track income & expenses for individual jobs. Moreover, businesses can also monitor labor, overhead costs, and materials, and compare the actual expenses with their estimates.
2. Create More Accurate Project Estimates
Having a proper project estimate will help in setting the right expectations with customers and provide a clear insight into the resources needed to complete a project. QB Enterprise helps construction businesses prepare estimates & compare estimated costs with actual expenses. The Contractor edition consists of industry-specific features & reports that support the estimating & job costing process.
Over time, the contractors can use this information from completed jobs to improve future estimates.
3. Manage Change Orders More Effectively
It is not necessary that the construction projects go exactly in the same way as they’re planned. Customers can also request additional work, change materials, or modify the original project requirements. These changes can hamper both the project budget & completing costs. The Contractor edition includes change order functionality that lets businesses record changes to existing estimates. Then, understand its impact on project costs.
4. Keep Track of Labor Costs & Employee Hours
Labor is often one of the largest expenses in a construction project. Contractors must have proper information regarding how many hours employees spend on a particular job & how much that labor costs the business.
QB Desktop Enterprise supports labor cost tracking through its job costing features. It also supports time-tracking integrations that help businesses record employee hours and assign them to specific jobs.
5. Monitor Project Progress & Profitability
Completing a project on time and within budget is important, but contractors also need to know whether the work is financially on track.
QuickBooks Enterprise provides job-related reports and a Job Costing Center that help contractors review information across their projects. They can check job income, expenses, estimated costs, and actual costs to get a clearer picture of project performance.
These reports can help answer the following questions:
- Which projects are staying within budget?
- Where are expenses higher than expected?
- Which jobs are generating better profits?
- Are labor and material costs affecting the expected profit margin?
Having this information makes it easier to spot financial problems early rather than waiting until the project is complete.
6. Simplify Financial Management & Project Billing
Billing is another important part of construction project management. Contractors need to send accurate invoices, record customer payments, and keep track of outstanding amounts.
QuickBooks Enterprise helps businesses manage estimates, customer invoices, payments, and project-related financial transactions. By keeping these records organized, contractors can spend less time searching through paperwork and more time focusing on their projects.
It also helps maintain a clearer picture of incoming and outgoing money, which is important when managing several projects with different payment schedules.
7. Make Better Business Decisions With Detailed Reports
Running a construction business needs regular decisions about pricing, expenses, labor & future projects. Without accurate financial information, it is easy to overlook small cost increases that can eventually affect profits.
QuickBooks Enterprise provides reports that help contractors review job costs, income, expenses & profitability. Businesses can access this information to identify which types of projects are performing well and where they may need to improve.
QuickBooks Enterprise Pricing For Contractors
QuickBooks Enterprise provides various subscription plans for contractors, depending on selected features, user requirements & payroll requirements. Below, we have provided a pricing table that describes different pricing plans along with the features provided so that it can make your purchase easier.
| Plan | Pricing | Key Features | Users |
| Silver | Check out the Intuit page for better reference. | Core Enterprise accounting, reporting, and support | |
| Gold | $2,210/year | QuickBooks Desktop Enhanced Payroll (up to $3/ employee per month), Cloud hosting (Additional fees apply), advanced reporting, QuickBooks Priority Circle service, multi-company management, online backup data storage. | Available in 1-10 or up to 30 users. |
| Platinum | $2,717/year | Gold features plus intercompany transactions, advanced inventory, advanced pricing, Bill and PO work approvals. | Available in 1-10 or up to 30 users. |
| Diamond | $5363/yr | All Gold & Platinum features plus QuickBooks Time Elite (+$5/ employee per month) | Available in 1-10 or up to 40 users. |
QuickBooks Enterprise vs Contractor Edition: Comparison Between Two
| Consideration | QuickBooks Desktop Enterprise | QuickBooks Premier Contractor Edition |
| Product positioning | Higher-capacity desktop accounting for growing & complex businesses. | Historically offered a contractor-focused edition of Premier. |
| Users & permissions | It supports larger user configurations depending on the plan. | It is mainly designed for smaller user requirements. |
| Reporting & Customization | Advanced reporting & broader Enterprise capabilities according to your subscription. | Contractor-focused reports and workflows in supported versions. |
| Inventory & operational needs | More extensive options, depending on plan. | Capabilities depend on the particular Premier version. |
| Current availability | Look for the Intuit’s current Enterprise offers. | Verify whether the specific legacy product and support are available. |
| Evaluation criteria | User needs, scale, reporting, inventory, and integrations | Existing compatibility, cost, and required contractor workflows. |
Is QuickBooks Contractor Edition the same as QuickBooks Premier Contractor Edition?
Not exactly. The QuickBooks Contractor Edition & QuickBooks Premier Contractor Edition offer different products.
QuickBooks Enterprise is specifically designed for businesses looking for greater scalability, advanced capabilities, and support for more simultaneous users. Premier Contractor Edition is a separate Desktop product with its own feature set and limitations.
QuickBooks Enterprise Hosting For Contractors: Work Beyond the Office
The construction work is rarely performed in one place. Business owners may be at the office, project managers may be visiting construction sites, and accountants may need financial information while working remotely.
QuickBooks Enterprise hosting for contractors can help make accounting information accessible to authorized team members from different locations.
With cloud hosting, QuickBooks Desktop Enterprise and its company data are hosted on remote servers. Users can access the hosted environment through supported remote access methods, subject to the hosting arrangement and technical requirements.
How can hosting help a construction business?
Hosting helps a construction business in the following ways;
Remote access: The authorized users can access the hosted accounting environment without being physically present in the office.
Team collaboration: Multiple licensed users can work with the same company file, subject to the plan and hosting setup.
Centralized information: Financial records can remain in one hosted environment instead of being maintained on separate office computers.
Flexible working arrangements: Accountants and authorized staff can work from different locations.
Is QuickBooks Enterprise Good for Construction Business?
QuickBooks Enterprise for construction can be the right choice for businesses looking for more control over their accounting & project finances.
This software proves to be a right fit for your construction business;
- When you are managing numerous construction projects simultaneously.
- Need more advanced inventory & purchasing capabilities.
- Manage employee payroll & want to assign labor expenses to projects.
- Track income & expenses separately for each job.
- You require detailed job profitability reports.
This accounting solution is not the right standalone solution if you want detailed construction scheduling, daily site reporting, equipment dispatch, drawing management, or field crew coordination.
How to Set Up QuickBooks Enterprise for a Construction Business
The procedure for setting up QuickBooks Enterprise for a construction business involves configuring job costing, estimates, expense tracking, progress invoicing, and financial reports. This will help contractors monitor project costs, compare budgets with actual expenses & understand job profitability.
1. Configure Your Company File
The first step is to install the QuickBooks Desktop Enterprise application. After this, create a new company file or migrate your existing accounting data. Then, you must set up user permissions & accounting preferences as per your business requirements.
2. Set Up Customers and Jobs
In this step, you need to create a separate job under each customer for every construction project. This enables you to track project income & expenses individually.
3. Configure Job Costing & Expense Tracking
Now, allocate the material purchases, subcontractor bills, labor costs & other project expenses to the appropriate job. However, proper transaction assignments will let you compare estimated costs with actual spending. This will help you determine potential budget overruns.
4. Prepare Project Estimates
The next step is to create an estimate that covers expected labor, subcontractors, materials, and other project costs. In QuickBooks Desktop, perform these steps;
- First, enable Estimates below the Edit menu.
- After this, choose the Preferences tab.
- Select Jobs & Estimates and click Company Preferences.
5. Set Up Progress Invoicing
After this, enable progress invoicing to bill customers in stages as the work progresses. Moreover, you can also create multiple invoices from an original estimate. Then, you can verify the amounts billed against the project total.
6. Review Job Costing Reports
It is best to check job profitability and estimated-versus-actual cost reports regularly. After this, look for the missing expenses, incorrect job assignments, and unexpected cost increases before making financial decisions.
QuickBooks Payroll For Contractors: Employees Vs. Subcontractors
Construction businesses usually work with both full-time employees & independent contractors. However, managing payments for both groups needs proper recordkeeping.
QuickBooks Desktop Payroll can help construction companies manage employee payroll and allocate payroll expenses to individual jobs.
For independent contractors, Intuit also offers contractor payment services through its QuickBooks Payroll and QuickBooks Online offerings.
Final Thoughts
QuickBooks Enterprise Contractor is a perfect accounting solution for construction businesses who want better control over project finances. From job costing and estimates to progress invoicing, payroll, and financial reporting, it helps contractors in keeping financial records organized. It also makes it easier to identify unexpected expenses & understand project profitability.
Before choosing a plan, consider your business requirements and compare the available features and pricing to find the right fit. Furthermore, if you still need any help, you must contact our BizBooksAdvice professionals.
Frequently Asked Questions
How much does QuickBooks Enterprise Contractor edition cost?
The pricing of QuickBooks Enterprise edition depends on your plan, number of users, and additional services. Intuit provides QuickBooks Enterprise Silver, QuickBooks Enterprise Gold, QuickBooks Enterprise Platinum, and QuickBooks Enterprise Diamond subscriptions, but contractor-specific costs may vary. To get the updated information, check the official QuickBooks Enterprise pricing page.
Is QuickBooks Desktop Enterprise contractor edition a good choice for general contractors?
Yes! It can be a good fit for general contractors who need to track job costs, manage estimates, monitor expenses, and review project profitability. However, check whether your business needs specialized features such as retainage tracking or construction-specific billing.
How can QuickBooks Contractor help a construction business?
QuickBooks Enterprise Contractor helps construction businesses organize project expenses, compare estimated and actual costs, create progress invoices, and review job profitability. These tools make it easier to monitor budgets and identify potential cost overruns.
Is there a QuickBooks for contractors?
Yes. QuickBooks Desktop Enterprise provides a Contractor industry solution with construction-focused accounting workflows & job-costing tools. The best option depends on your business size, project requirements, and budget.
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