Many contractors come to Wade having used programs like QuickBooks Online, and without any cost code structure. This week on the podcast, we discuss why construction contractors need a cost code structure and how to set one up that strikes the balance between being too simple to provide helpful information and too complex to understand.

Topics we cover in this episode include:

• What is a code structure, and how is it different from the Chart of Accounts
• Cost code structure and using softwares like QuickBooks
• How to get started when you have no cost code structure
• Cost code structure, estimates, and invoices

LINKSDownload 6 Tips & Tricks, PLUS a checklist for Developing your Cost Code Structure: https://carpentercpas.com/cost-code-structure-resources/
Visit the episode page at https://contractorsuccessforum.com/costcodes for more details and a transcript of the show.

Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forum

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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.com
Rob Williams, Profit Strategist | IronGateESS.com