Whether you use QuickBooks Desktop or QuickBooks Online, Corecon has you covered in terms of integration. Project financials entered in Corecon such as Bills, Sub Invoices, Prime Invoices and Timecards can be easily exported to either version.
||QuickBooks Pro, Premier and Enterprise
The CoreconLink utility transfers information from Corecon to QuickBooks Desktop and Online editions. Below is an overview on the points of integration.
|Corecon Feature||Transfer Method||QuickBooks Feature|
|Import, Export and Sync|
|Import, Export and Sync|
|Project Setup Phase|
|Project Transactions: Accounts Payable|
|Employee Misc. Expenses||Credit Card
|Project Transactions: Accounts Receivable|
|Project Transactions: Labor Timecards|
|Labor Timecards||Time Tracking|
2014 - 2017 Pro, Premier, Enterprise
The CoreconLink for QuickBooks Desktop can only be installed on Windows 8 or 10 operating systems. However, there are no operating system requirements for linking with QuickBooks Online since this is managed via a web browser.
Yes. For example, if different staff handle accounts payable, accounts receivable and payroll then the CoreconLink for QuickBooks Desktop could be installed on multiple workstations.
All project financials are entered in Corecon and are then sent to QuickBooks. In a nutshell, Corecon will provide the job cost reporting and QuickBooks will perform the general accounting functions. When financials are sent from Corecon to QuickBooks, the Corecon Job Cost Code will be replaced with the QuickBooks Service Item which will then hit the GL Expense or Income Chart of Account.
Below is a recommendation on setting up Service Items in QuickBooks. These items represent the type of work and do not incorporate any reference to Material, Labor, Equipment, Sub, and Other since Corecon will inherently track financials by resource type in addition to job cost code.
When using QuickBooks' setup wizard to create a new accounting file or database, there are no options available for contractors to setup Service Items based on an industry classification structure such as CSI 95, CSI 2016 or NAHB. Although this would be beneficial since using industry standards is generally a good practice, Corecon does NOT require any particular coding structure. Corecon understands that every company is unique and that they may require their own set of custom codes.
The CoreconLink for QuickBooks Desktop supports Classes. However, these types of items should represent something other than cost code (e.g. concrete, mechancial, electrical). A good example of using classes would be for classifications such as office (e.g. Chicago, Kansas City, Los Angeles) or division (e.g. southwest, midwest, northeast etc.)
Corecon tracks retention or holdbacks for both Prime Contract Invoices (AR) and Subcontract Invoices (AP). In addition, the CoreconLink for QuickBooks has options to either remove or include the retainage amount when exporting transactions. In either case, the net invoice amount will be the same. It just affects how the transaction details are exported.