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construction: How do I change our trade type from Construction to OTHER?

You tagged this thread as using Pro, if so there is no industry edition to toggle to. Pro is all industries, it is a the basic desktop install.

Only premier and enterprise has industry editions. If you upgrade to premier then yes you can get the contractor edition and your present […]

Resolution for 'construction issue: 'How do I change our trade type from Construction to OTHER?' available: Yes.

The construction issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the construction issue yourself by looking for a resolution described in the article. If it is a complex construction issue or you are unable to solve the issue, you may contact us by clicking here or by using other construction support options.

For more information about resolving issues related to construction in Quickbooks/QBO or to get support for the issue 'How do I change our trade type from Construction to OTHER?', click the link below:

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construction: Need help setting up chart of accounts for new construction

each spec home should be a current asset account named for the lot number or address, a work in progress account, wip

then you post all expenses to that account, a CC charge is entered and the wip account is the expense for that entry, same thing for cash or checks. […]

Resolution for 'construction issue: 'Need help setting up chart of accounts for new construction' available: Yes.

The construction issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the construction issue yourself by looking for a resolution described in the article. If it is a complex construction issue or you are unable to solve the issue, you may contact us by clicking here or by using other construction support options.

For more information about resolving issues related to construction in Quickbooks/QBO or to get support for the issue 'Need help setting up chart of accounts for new construction', click the link below:

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construction: How do I post the sale of a new construction home?

All of the costs would have been held in an Other Asset account.

That means the Sales is a sale.

Then, you “close” CIP (construction in progress = other asset) to COGS.

You also have to deal with commission expense to the real estate agent; construction loan payoff, if any; interest owed; etc.

Resolution for 'construction issue: 'How do I post the sale of a new construction home?' available: Yes.

The construction issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the construction issue yourself by looking for a resolution described in the article. If it is a complex construction issue or you are unable to solve the issue, you may contact us by clicking here or by using other construction support options.

For more information about resolving issues related to construction in Quickbooks/QBO or to get support for the issue 'How do I post the sale of a new construction home?', click the link below:

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construction: Does “Income cost of goods sold” mean – what I paid out for materials?

I have attached some screenshots, showing a Two Sided Item, which shows COGS for the expense side for Materials and the Income account. I also showed an Item Listing, so you can see how they are linked to accounts. Two Sided = something you both Purchase and charge […]

Resolution for 'construction issue: 'Does “Income cost of goods sold” mean – what I paid out for materials?' available: Yes.

The construction issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the construction issue yourself by looking for a resolution described in the article. If it is a complex construction issue or you are unable to solve the issue, you may contact us by clicking here or by using other construction support options.

For more information about resolving issues related to construction in Quickbooks/QBO or to get support for the issue 'Does “Income cost of goods sold” mean – what I paid out for materials?', click the link below:

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construction: How would I change my type of business from construction to general sales?

the newer versions do not have that option to change

truthfully you do not need to change, all premier versions work the same with the exception of a couple of reports – but the financial side is the same

just create the accounts you need, I suggest you get the […]

Resolution for 'construction issue: 'How would I change my type of business from construction to general sales?' available: Yes.

The construction issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the construction issue yourself by looking for a resolution described in the article. If it is a complex construction issue or you are unable to solve the issue, you may contact us by clicking here or by using other construction support options.

For more information about resolving issues related to construction in Quickbooks/QBO or to get support for the issue 'How would I change my type of business from construction to general sales?', click the link below:

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construction: How do I give a company 3 separate entities? 2 rentals and a construction company?

You make a company data file per each FEIN. Never combine multiple FEIN in the same data file.

If you are running the two properties under one LLC, then an option is to use Class Tracking. Set up each Property as a Class, and everything you enter will have […]

Resolution for 'construction issue: 'How do I give a company 3 separate entities? 2 rentals and a construction company?' available: Yes.

The construction issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the construction issue yourself by looking for a resolution described in the article. If it is a complex construction issue or you are unable to solve the issue, you may contact us by clicking here or by using other construction support options.

For more information about resolving issues related to construction in Quickbooks/QBO or to get support for the issue 'How do I give a company 3 separate entities? 2 rentals and a construction company?', click the link below:

Details

construction: How do I give a company 3 separate entities? 2 rentals and a construction company?

You make a company data file per each FEIN. Never combine multiple FEIN in the same data file.

If you are running the two properties under one LLC, then an option is to use Class Tracking. Set up each Property as a Class, and everything you enter will have this Class […]

Resolution for 'construction issue: 'How do I give a company 3 separate entities? 2 rentals and a construction company?' available: Yes.

The construction issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the construction issue yourself by looking for a resolution described in the article. If it is a complex construction issue or you are unable to solve the issue, you may contact us by clicking here or by using other construction support options.

For more information about resolving issues related to construction in Quickbooks/QBO or to get support for the issue 'How do I give a company 3 separate entities? 2 rentals and a construction company?', click the link below:

Details