1. Job Costing Center: The Contractor Edition comes with an actual Job Costing center which displays your three most profitable job and three least profitable jobs. There’s also a section called ‘Job Costing Highlights’ that shows your actual costs, expenses not assigned, and your outstanding bill totals.

2. Item Percent Complete: This tool allows you to see the percentage complete on each item within your current jobs and projects.

3. Change Orders: Change orders allow you to adjust an existing estimate. If a customer changes their mind on an estimate or a certain material isn’t available to complete an estimate, you can simply create a change order that will show up at the bottom of the estimate.

4. You can have customers sign the change order section to approve the agreed-upon adjustment.

5. This adds an extra layer of protection and clarity to estimate changes.

6. Custom Billing Rates: You can set custom billing rate levels for different types of employees within your organization — apprentices, masters, and journeymen, for example. You can set fixed hourly rates or custom hourly rates by service item.

7. Disallow Negative Inventory Quantities: The Contractor Edition permits you to disallow negative inventory quantities; however, QuickBooks does not recommend this.

8. Customized Chart of Accounts: QuickBooks Enterprise Contractor Edition comes with a default chart of accounts specifically designed for a contracting business.

9. Contractor Reports: In addition to the 140+ reports that come with Enterprise, you’ll receive access to 19 other reports. Most of these reports revolve around job costing to give a contracting business a clearer idea of each project’s profitability.

1 - Projects Status: Keep track of all your ongoing projects with one report
2 - Project Costs by Project: View a summary of expenses for each project.
3 - Unpaid bills by Project: See who owes what for each project.
4 - Tracks income, profits and losses by project or job
5 - Tracks Cost to Complete by Project
6 - Tracks Expenses incurred by project/job and vendor/supplier
7 - Tracks project materials profitability
8 - Tracks project WIP (Work in Progress)
9 - Tracks time by job and workers
10 - Tracks Mileage by Job
11 - Cost-to-Complete: See how much is needed for the project to be completed.
12 - Track Quotations and Invoices for Jobs/Projects who are still in progress