Contractor Bookkeeping

AUGUST 16, 2013

All Accounting Uses The Accounting Equation. Business Owners - Need three basic reports, Cash, Profit and Equity. Bank Balance - Un-cleared Checks) = Cash. Profit And Loss Report. Sales - Expenses) = Profit. Assets - Liabilities) = Equity. -. Construction Accounting Titles = 233. Cash On Hand.

Work in Progress 59

Work in Progress Accounting Construction Leases 59

Contractor Bookkeeping

JUNE 21, 2012

Construction Companies - Need short term liquid working capital such as cash, lines of credit, loans, owner financing, credit cards, supplier accounts and other forms of money to conduct daily operations. Compare the success and profitability of a McDonalds franchise to most restaurants. We simply do your bookkeeping.

Profitability 48

Profitability Contractors Banking Change Orders 48

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.

Accounting 50

Accounting Contractors Work in Progress Banking 50

Levelset

AUGUST 16, 2022

Some contractors watch as their gross profit margins decrease when they take on larger jobs. You can calculate your working capital by adding your cash on hand with your accounts receivable that are under 90 days. Next, subtract the sum of your accounts payable, short-term debts owed, and over-billings. Learn More.

Risk 52

Risk Cash Flow Construction Banking 52

Contractor Bookkeeping

AUGUST 27, 2014

Let us handle your QuickBooks setup for your contracting company because accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle. QuickBooks Premier Accountant 2000 And Up. Job Cost Reports, Job Profitability Reports.

Contractors 88

Contractors Accounting Work in Progress Profitability 88

Construction Business Owner

MARCH 6, 2011

ACCOUNTING |. Accounting & Finance. I just finished reading Steven Rattner’s book, Overhaul – An insider’s account of the emergency rescue of the automakers. Mr. Rattner discussed the stress tests given by the Treasury Department to large banks that were receiving TARP funds. Tags accounting.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

JUNE 17, 2013

They Need A Magician Not A Construction Accountant! Downloading transactions from the bank works well for a lot of industries; but, NOT construction. Treating the contractors accounting services system like driving down the freeway at sixty miles per hour, setting cruise control, and then moving to the back seat to take a nap.

Contractors 48

Contractors Accounting Banking Liability 48

Contractor Bookkeeping

JUNE 18, 2012

All Bookkeeping Methods Share The Same Accounting Equations. Business Owners - Need three basic reports, Cash, Profit and Equity. Bank Balance - Un-cleared Checks) = Cash. Profit And Loss Report. Sales - Expenses) = Profit. Assets - Liabilities) = Equity. Cash On Hand. Balance Sheet Report.

Contractors 58

Contractors Profitability Overhead Equity 58

Construction Business Owner

FEBRUARY 23, 2012

ACCOUNTING |. Accounting & Finance. Anyone working in accounting or human resources has access to immense amounts of personal data. For example, banks and other financial institutions put in stronger measures than many other industries. Public Exposure and Liability on Construction Sites. Tags accounting.

Security 120

Security Construction Software Software 120

Contractor Bookkeeping

SEPTEMBER 20, 2013

Updating Chart of Accounts. Tax Accountants in an effort to make QuickBooks online easier for them. Profit & Loss statement anytime YOU want it! Now Lets Examine The Differences Between Construction Accounting Vs. Regular Accounting. All Accounting Uses The Accounting Equation. Slow Response Time.

Contractors 48

Contractors Accounting Profitability Overhead 48

Construction Business Owner

OCTOBER 14, 2011

ACCOUNTING |. Accounting & Finance. But to count on them as the source of profit is to bank on an unpredictable variable that is not under your control, that is hard to manage, and that you may wish to use for a completely different purpose – business development (more on this in a moment). STRATEGY |. MANAGEMENT |.

Change Orders 120

Change Orders Construction Software Software 120

Contractor Bookkeeping

JUNE 10, 2013

Accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle much like a large ocean liner on the high sea. If you are a construction accountant like me you would love it. Job Costing Reports, Job Profitability Reports.

Work in Progress 48

Work in Progress Accounting Profitability Insurance 48

Contractor Bookkeeping

OCTOBER 18, 2012

Accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the rolling waves of the business cycle like a large ocean liner on the high sea. If you are a construction accountant like me you would love it. Job Cost Reports, Job Profitability Reports.

Work in Progress 48

Work in Progress Accounting Profitability Insurance 48

Contractor Bookkeeping

OCTOBER 17, 2014

This has been a popular and from all indications a very profitable swindle because it appears to be getting worse. From our experience as construction accountants, any contractor who cheats on their taxes ends up cheating themselves in the end. Scammers are calling all kinds of people and business owners claiming to be from the IRS.

IRS 48

IRS Claims Contractors Accounting 48

Contractor Bookkeeping

JULY 24, 2014

There is a lot of information to be gained when you compare this year’s Profit & Loss to the prior year because it will alert you to trends early enough to respond rather than reacting after it is too late and help establish profit and sales goals. Bankers and lenders are the exact opposite and they don''t take chances.

Accounting 48

Accounting Construction Contractors Profitability 48

Construction Marketing

FEBRUARY 11, 2021

Insurance, liability, and workers’ compensation . When this happens, it’s vital to save profit from busy seasons to pay the expenses for the off-season. . Limited liability company (LLC) . 10) Business bank account and credit card. 10) Business bank account and credit card. Labor costs.

Insurance 295

Insurance Liability Legal Compensation 295

Contractor Bookkeeping

JUNE 20, 2014

You do all the work they get half the profits and you politely refuse. Go To Your Bank - And they offer you a line of credit. Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Bank Accounts - Set up two bank accounts in your company name.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

JANUARY 2, 2015

The idea was you would do all the work they would get half the profits and you politely refused, or not? Did You Go To Your Bank - And they offered to give you a line of credit. Did You Use Your Personal Credit Cards - And supplier accounts to finance your new business and perhaps you were not careful about what you bought?

Construction 48

Construction Insurance Accounting Claims 48

Construction Business Owner

MARCH 29, 2012

ACCOUNTING |. Accounting & Finance. Does an electrical raceway run through a duct bank? Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. August 2008.

Construction 120

Construction BIM Software Software 120

Contractor Bookkeeping

JULY 22, 2014

The Fast Easy Outsourced Accounting Difference: All of your Outsourced Accounting work is done in our office in Lynnwood Washington, not sent oversees or to some Bad Bookkeepers house. Flat Rate Pricing For Outsourced Bookkeeping And Outsourced Accounting. Contractors Liability Insurance Audit Support. No Bad Bookkeepers!

Accounting 49

Accounting Contractors Project Management Washington 49

Contractor Bookkeeping

JUNE 15, 2012

You do all the work they get half the profits and you politely refuse. Go To Your Bank - And they offer you a line of credit. Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Bank Accounts - Set up two bank accounts in your company name.

Contractors 48

Contractors Insurance Claims Lien 48

Contractor Bookkeeping

SEPTEMBER 25, 2013

Did you send your liability insurance payment in late? If they have employees check their workers’ compensation account and claim history. Making "A Profit" and Having Real "Money Left Over" is how you are able to the things you want to do in life. Is your #1 Favorite Customer adding / taking profits or cash flow?

Contractors 49

Contractors Cash Flow Washington Compensation 49

Buisness Facilities Contributed Content

MARCH 9, 2016

Oregon Capital Access (CAP) Program: The CAP helps lenders (banks and credit unions) make more commercial loans to small businesses and provides capital for start-up or expansion. The program is designed for non-profit and for-profit businesses seeking funds for most business purposes. loan origination fee. Save energy .

Oregon 40

Oregon Zoning Finance Income 40

Construction Cost Estimating

JULY 1, 2014

C Chart of accounts (Code of accounts) (COA) - a created list of the accounts used by a business entity to define each class of items for which money or the equivalent is spent or received. Distributables - a classification of project costs which are not associated with any specific direct account.

Estimating 45

Estimating Construction Products Overhead 45

Business Facilities

JULY 11, 2014

Oregon Capital Access Program (CAP): Helps lenders (banks and credit unions) make more commercial loans to small businesses and provides capital for start-up or expansion. It is designed for non-profit and for-profit businesses seeking funds for most business purposes. loan origination fee. The program is available statewide.

Oregon 49

Oregon Finance Income Zoning 49

Levelset

JULY 18, 2022

You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC). Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. It’s important to keep your business’ finances separate from your personal accounts.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Levelset

JULY 22, 2022

You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC). Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. It’s important to keep your business’ finances separate from your personal accounts.

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Levelset

JULY 19, 2022

You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC). Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. It’s important to keep your business’ finances separate from your personal accounts.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

Levelset

JULY 15, 2022

You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC). Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. It’s important to keep your business’ finances separate from your personal accounts.

Electrical 52

Electrical Cash Flow Accounting Profitability 52

Buisness Facilities Contributed Content

APRIL 22, 2013

Being a good citizen of a community has more to do with what is in your heart and your head than what is in your bank account. “In The structural costs—corporate tax liability, tort litigation and regulatory compliance—taken together, were 20 percent higher in 2011 than for our nine largest trading partners, up from 17.6

Alabama 45

Alabama Industrial United States Products 45

Construction Business Owner

JUNE 8, 2011

ACCOUNTING |. Accounting & Finance. The trouble is that banks often don’t have the capital cushion to foreclose on large properties and take the hit against their lending limit. If you haven’t already done so, now is the time to hone your processes to the point where you are making profit on even small projects.

Construction 120

Construction Software Software Equity 120

Construction Business Owner

MAY 11, 2011

ACCOUNTING |. Accounting & Finance. The trouble is that banks often don’t have the capital cushion to foreclose on large properties and take the hit against their lending limit. If you haven’t already done so, now is the time to hone your processes to the point where you are making profit on even small projects.

Construction 120

Construction Software Software Equity 120

Contractor Bookkeeping

MAY 9, 2014

No having to find out what a construction accountant is or what skills they need to do the work. No liability insurance in case they sustain an injury in your office. The table and diagram below shows how tasks are delegated to the lowest skill level and yet everything is reviewed by a competent accountant! Accounting.

US 48

US Contractors Accounting Project Management 48

Contractor Bookkeeping

JULY 18, 2012

They could do a fine job, the only question is how long would it take and would you be able to charge the homeowner enough to make a substaintial profit? Custom Home Builders - Need people trained in construction bookkeeping who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping.

Cash Flow 48

Cash Flow Remodeling Profitability Banking 48

Construction Business Owner

FEBRUARY 23, 2012

ACCOUNTING |. Accounting & Finance. For example, I have a mobile banking app on my smartphone. With it, I can check my balance, see transactions, and transfer money, but I can’t apply for a loan on my phone like I can on the bank’s website. Public Exposure and Liability on Construction Sites. Tags accounting.

Software 120

Software Software Construction Mobility 120

Buisness Facilities Contributed Content

JULY 11, 2014

Microloan Program: SBA’s Microloan Program provides small, short-term loans to small business concerns and certain types of not-for-profit child-care centers. Small Business Administration’s (SBA) most common loan program, includes financial help for businesses with special requirements.

Rhode Island 40

Rhode Island Income Insurance Finance 40

Buisness Facilities Contributed Content

APRIL 15, 2014

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability.

Income 108

Income Finance Zoning Employment 108