Remove Accounting Remove Banking Remove Overhead Remove Products
article thumbnail

Contractor Accounting Vs. Regular Accounting

Contractor Bookkeeping

All Accounting Methods Share The Same Accounting Equations. Bank Balance - Un-cleared Checks) = Cash. Regular Accounting - Is roughly 80% of all accounting and Accounting for businesses in the world. Regular Accounting - Is roughly 80% of all accounting and Accounting for businesses in the world.

article thumbnail

Job Costing Accounting Vs. Regular Accounting

Contractor Bookkeeping

There is some confusion about the differences between job costing accounting and regular accounting which leads some contractors to believe they can get what they need from any bookkeeper and the cheaper the better. Two Basic Types Of Accounting. #1 Tax Accountants are good people and have a place in the accounting world.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

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.

article thumbnail

The Seven Ages of a Business

Constructonomics

Management becomes more formal and accounting needs to be stronger; money comes more from profits, banks and franchising options than from family. The business needs to improve productivity and products, as well as to fine-tune business practices and outsourcing. The established stage. The expansion stage. The exit stage.

article thumbnail

Construction Bookkeeping Unique Features

Contractor Bookkeeping

All Accounting Uses The Accounting Equation. Bank Balance - Un-cleared Checks) = Cash. Regular Bookkeeping - Is roughly 80% of all accounting for businesses in the world. This Type Of Bookkeeping Is Used - Where customers comes to the place of business or at most you ship or deliver a packaged product.

article thumbnail

Contractor Bookkeeping Vs. Regular Bookkeeping

Contractor Bookkeeping

All Bookkeeping Methods Share The Same Accounting Equations. Bank Balance - Un-cleared Checks) = Cash. Regular Bookkeeping - Is roughly 80% of all accounting and bookkeeping for businesses in the world. In essence you are selling a product or a service from a fixed location. Cash On Hand. Profit And Loss Report.

article thumbnail

Bill.Com Can Save Time And Increase Your Construction Company Profits

Contractor Bookkeeping

"Online Invoicing and Bill Pay is the next great leap in productivity since the introduction of the cell phone!" - Randal DeHart, Premier Construction Accountant. an hour after all of the taxes and overhead. Randal DeHart, Premier Construction Accountant. For example a part-time bookkeeper paid $15.00