Users can set billing rate levels , enabling different hourly rates for the same task depending on whether it's performed by a senior lead or a junior employee. Specialized Reporting
This feature alone kept contractors loyal to the Desktop platform. It handled the complex math of retention (hold-back) and progress billing automatically. quickbooks desktop premier contractor 2017
The first thing a contractor saw when opening the 2017 box (or download link) was the "Easy Step Interview." Unlike the generic version, the Contractor edition came pre-loaded with a Chart of Accounts tailored for construction. It didn't just have "Expenses"; it had "Cost of Goods Sold: Materials," "Cost of Goods Sold: Subcontractors," and "Equipment Rental." Users can set billing rate levels , enabling
: Enable this in preferences to bill customers in stages (e.g., 25% upfront, 50% at milestone) based on your original estimate. The first thing a contractor saw when opening
The hallmark of the Contractor edition was "Progress Invoicing." Construction is rarely paid in one lump sum; it’s paid in draws (down payment, rough-in, finish). In QuickBooks 2017, Mike creates an estimate for $100,000. When it's time to bill for the first 20%, he clicks Create Invoice > Based on Estimate . A slider bar appears.