How to Create Contracts in Quickbooks

Creating contracts in QuickBooks is an essential task for any business owner or freelancer who wants to streamline their operations and ensure they get paid for their work. In this article, we’ll go over the steps you need to follow to create contracts in QuickBooks and some tips for making the process even more efficient.

Step 1: Choose a Contract Template

The first step in creating a contract in QuickBooks is to choose a template. QuickBooks comes with several pre-made templates that you can customize to fit your needs. You can also create your own contract template from scratch. To access the templates, go to the “Customers” menu and select “Create Invoices.” Click on “Customize” in the upper right-hand corner and select “Edit Current” to customize the template.

Step 2: Customize the Template

Once you’ve selected a template, it’s time to customize it to fit your needs. You can add your company logo, adjust the font size and style, and add any additional fields you need. QuickBooks allows you to customize the language of the contract, so make sure to include all the necessary terms and conditions.

Step 3: Add Line Items

After you’ve customized the template, you’ll need to add line items to the contract. These are the specific products or services that you’re offering. You can select items from your inventory or enter them manually. Make sure to include the price and any applicable taxes.

Step 4: Review and Send the Contract

Once you’ve added all the necessary information to the contract, it’s time to review it and send it to the client. Double-check all the information, including the price, terms and conditions, and any other details. Once you’re satisfied, you can send the contract to the client via email or print it out and send it by mail.

Tips for Creating Contracts in QuickBooks

Here are a few tips to help you create contracts in QuickBooks more efficiently:

– Use pre-made templates as a starting point to save time and ensure consistency.

– Customize the language of the contract to match your business’s voice and style.

– Use line items to make it clear what products or services you’re offering.

– Review the contract carefully before sending it to the client to avoid errors and misunderstandings.

In conclusion, creating contracts in QuickBooks is a straightforward process that can save you time and streamline your operations. By following these simple steps and putting in a little bit of effort to customize your templates, you’ll be able to create contracts that are professional, easy to understand, and help ensure that you get paid for your work.