QB has standard industry specific accounts that will be set up when you choose your Industry in the Easy Setup Interview, just add or delete as needed according to information you will need for your tax return. I would caution that you map things out on paper prior to adjusting the chart of accounts or items. Also realize that the items list will take care of your needs as far as job costing, that should not be done via the chart of accounts. I am available if you need assistance, just visit my website or contact me.
The amount of detail used for Chart of Accounts is dependent on your needs for FINANCIAL information detail.
The amount of detail used for Items is dependent on you needs for JOB COSTING information.
This is the standard numbering scheme for a Chart of Accounts
10000 - 19999 Assets
20000 - 29999 Liabilities
30000 - 39999 Equity
40000 - 49999 Income or Revenue
50000 - 59999 Job Costs/Cost of Goods Sold
60000 - 69999 Overhead Costs or Expenses
70000 - 79999 Other Income
80000 - 89999 Other Expense
10000 - 19999 Assets
20000 - 29999 Liabilities
30000 - 39999 Capital
40000 - 49999 Income or Revenue
50000 - 59999 Project Costs/Cost of Goods Sold
60000 - 69999 Overhead Costs or Expenses
70000 - 79999 Other Income
80000 - 89999 Other Expense
10000 - 19999 Assets
20000 - 29999 Liabilities
30000 - 39999 Capital (Equity)
40000 - 49999 Income or Revenue
50000 - 59999 Cost of Goods Sold
60000 - 69999 Overhead Costs or Expenses
70000 - 79999 Other Income
80000 - 89999 Other Expense
For Item Setup a GC might consider the following and edit to their individual needs
Assemblies - Carpentry, Concrete, Electrical, Masonry, Plumbing, Roofing
Cabinets - Corner, Custom, Island, Metal, Utility, Wall, Wood
Carpentry - Assemblies, Framing, Glu-Iam Beams, Moulding, Paneling, Piecework Rates, Sheathing
Concrete - Beams, Finishing, Forming, Foundations, Pouring, Reinforcing, Slabs
Cooling - Air Handlers, Chillers, Condensers, Cooling Fans, Cooling Towers, Heat Pumps
Demolition - Asbestos, Building, Curbs, Flooring, Foundations, Framing, Roofing, Walkways
Doors - Closet, Colonial, Entrance, Fire, French, Glazed, Screen, Sliding
Electrical - Breakers, Conduit, Fixtures, Lighting, Panels, Switches, Wiring
Excavation - By Equipment Type and Hand, Backfilling, Clearing, Grading, Trenching
Finishes - Acoustical Ceilings, Lath and Plaster, Paint, Wallboard, Wallpaper
Flooring - Carpet, Composition, Masonry, Tile, Treads and Risers, Vinyl, Wood
Hardware - Door Closers, Framing Connectors, Locksets, Straps, Weatherstripping
Heating - Baseboard, Ducting, Fans, Furnaces, Heat Pumps, Hydronic, Radiant, Steam, Wall
Insulation - Fiberglass, Foil, Perlite, Polystyrene, Urethane, Vermiculite
Lumber - Cedar, Fir, Pine, Plywood, Posts, Redwood, Siding, Spruce, Trim
Masonry - Accessories, Assembl ies, Block, Brick, Flagstone, Marble, Pavers, Reinforcing
Metals - Decking, Joists, Pre-Engineered Buildings, Structural Steel, Trusses
Pipe - Cast Iron, Concrete, Corrugated Metal, Clay, Ductile Iron, PVC, Transite
Plumbing - Cleanouts, Drains, Fire Protection, Pumps, Rough-in, Sinks, Tubs, Water Closets
Roofing - Assemblies, Built-up, Corrugated, Elastomeric, Flashing, Shingles, Slate, Tile
Site Work - Clearing, Curb and Gutter, Fencing, Irrigation, Landscaping, Paving, Piping
Windows - Awning, Casement, Double Hung, Louvered Glass, Sliding, Skylights
Electricians may want to consider some Items such as the followingConduit:
EMT Conduit – In Floors, Concealed of Exposed, Including Fittings and Supports
Flex Conduit – Standard and Reduced Wall, Steel and Aluminum with All Fittings
PVC Conduit – Schedule 40, Schedule 80, with All Couplings, Adapters and End Bells
Rigid Steel & Aluminum Conduit – Short and Long Elbows, Couplings, Terminations and Nipples
PVC Coated Conduit – PVC Coated Elbows, Couplings, Fittings, Bodies and Boxes
Conduit Bodies – All Common Types, Including Bushings, Covers and Entrance Caps
Conduit Fittings – Couplings, Connectors, Washers, Brushed Nipples and Unions
Conduit Hangers – Straps, Spacers, Steel Running Thread Rod, Clamps, U-Bolts
Cable and Wire:
Copper Wire – Types THW, THHN, XHHW, USE, MTW, TF, TFF, TFFN, AF and SJ
Copper Cable – Types NW (Romex), UF, SEU, BX, 5000 Bolt XLP and 15000 Bolt EPR
Aluminum Wire – Types THW, THHN-THWN, XHHW, USE, SE-U, SE-SER, ASCR, and XLP
Outlet Boxes – Handy Boxes, Switch Boxes, Octagon Boxes, Pull Boxes and Covers
Lighting:
Incandescent & Fluorescent Lighting – Ceiling, Wall, Utility, Industrial, Bathroom, Recessed, Track, Strip, Wraparound
Yard & Street Lighting – Round, Cylinder, Flat, Convex, with and without Poles
Wiring Devices – Residential and Specification Grade Switches, Receptacles, Plates
Service Equipment – Switches, Breakers, Meter Sockets, Loadcenters, Cabinets
Raceway Power – Duct, Wireway, Trolley Duct, Bus Duct, Cable Tray and Fittings
Signal Systems – Bells, Buzzers, Sirens, Horns, Chimes, Beacons, Detectors
Equipment Hookup – Motors, Mechanical and Kitchen Equipment, Generators
