Depreciation is the systematic reduction in the recorded cost of a fixed asset. It represents how tangible assets are worn down over time due to use or obsolescence, typically spread across the useful life of the asset as reflected in the income statement.
QuickBooks Classes give you one tracking dimension. IES Dimensions provide up to 20, with hierarchies, multi-tag reporting, better job costing, and multi-entity consolidation, offering contractors deeper insight and cleaner, more flexible financial reporting.
Read MoreBreakdown of Intuit Enterprise Suite’s Fall 2025 release for contractors, including new AI agents, multi-entity consolidations, business intelligence, and bill pay/payroll updates—plus how RedHammer helps construction firms implement and optimize them.
Read MoreIntuit Connect 2025 unveiled game-changing innovations for mid-market accounting: Intuit Enterprise Suite with construction-specific features, Intuit Accountant Suite, and Intuit Intelligence. IES finally bridges the gap between QuickBooks usability and ERP power.
Read MoreThe definitive 2025 guide to Intuit Enterprise Suite (IES) for construction companies. Learn multi-entity management, AI automation, job costing, and whether IES is right for your growing construction business. Are you ready to migrate from QuickBooks Online or Desktop.
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