Thanks for the replies everyone. Couple more questions. I see some of you detail your bids with prices for equipment, labor, and materials, etc. and some don't. Until now I haven't been doing that either. I just work up a price, and have only the total in the contract. Is it better to show the customer where every penny goes?
I'm not doing accrual accounting as I prefer to look at real dollars when I open quickbooks, lol! Here's one question that may be best asked to an accountant, but....My company being so new, we have probably $7-8000 worth of work that is off the books. It is work from before we were licensed earlier this year. However, all of it has been documented, and we have receipts for materials and equipment purchases from that time that we would like to include and write off. Can I include all of this stuff? It is the companie's money and purchases after all. Of course, all equipment will be put in, but what about the work and payments for that?
I'm SLOWLY learning QBPro, but the curve is long if you know what I mean, heh! Also, anyone keep an actuall inventory of thier sundries etc. ??