Accounting Banking Information Liability 
Levelset
JUNE 6, 2022
In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor. Retention receivable and payable is different from accounts receivable and payable. Fariba Mehdian.
Pro Builder
DECEMBER 7, 2020
A cyber loss involving employee and customer information can affect any business, and your construction team is no exception. Malicious cyberattacks could impact project designs, bid data, and security system information involved in architectural proposals. The account would then divert funds to the criminal instead. .
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Contractor Bookkeeping
DECEMBER 3, 2013
Did You Have Trouble Setting Up Xero Accounting Online? You are not alone, it is an accounting program built to satisfy the needs of accountants with an attempt to make it easy for non-accountants. Xero Accounting Online Setup is not as complicated as QuickBooks setup projects. Set up your Chart of Accounts.
Contractor Bookkeeping
JULY 30, 2014
Builder Accounting begins with a proper QuickBooks setup For Spec Home Builders. Understand to get good, usable information out of any accounting system that they need to be an active participant and code the paperwork. Accountants do not have a crystal ball and or a magic wand…It Is True – Garbage In = Garbage Out.
Green Building Law Update
OCTOBER 13, 2019
The bill would require all public companies to disclose “environmental, social, and governance [ESG] metrics” as material information about the company. Without any of those three, much, if not most, of the ESG information in the market is at best misinformation. House of Representatives passed H.R.
Contractor Bookkeeping
FEBRUARY 5, 2014
Each Branch Of Accounting serves a different function similar to how it works in construction. Three Accounting Skillsets = Three Types Of People. Bookkeepers are the lowest paid and the least skilled accounting specialist. Accountants are the next highest paid accounting specialist. Most C.P.A. Most C.P.A.
Contractor Bookkeeping
JANUARY 6, 2014
In The Past You Had To make notes, collect customer information, go to your office, open QuickBooks or whatever construction accounting software you are using, wait for everything to load up and then try to find the paperwork, open the invoice screen and fill it out and if you were lucky you could email it from QuickBooks to your customer.
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