Contractor Bookkeeping

OCTOBER 4, 2013

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. Starting Or Re-Starting A Construction Company Is Easy.

Profitability 48

Profitability Construction Accounting Cash Flow 48

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. There’s a lot to be said about the impact automation can have on processes like accounts payable, procurement, and more. Let’s take a look: Free Download: 6 Forecasting Best Practices All Construction Teams Need to Know Click Here.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

Levelset

APRIL 1, 2022

Materials, insurances, permits, payroll, and other typical costs are relatively simple to account for. If the contractor is afraid of a premium hike that will cut into profits month after month, they might just pay for the item out of pocket. Restricted cash flow. Learn more about cash flow in construction.

Site 52

Site Cash Flow Insurance Construction 52

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. There’s a lot to be said about the impact automation can have on processes like accounts payable, procurement , and more. Embrace Automation. We’ve talked about this on, well, too many occasions to count. Speed Up Receivables.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Construction Business Owner

OCTOBER 25, 2011

ACCOUNTING |. Accounting & Finance. And for my time, I usually walk away both inspired and loaded with new ideas to put to use. Even one new idea can be worth its weight in gold…but that’s just my opinion. Education leads to improvement, efficiency, and profitability! Tags accounting. accounting software.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

DECEMBER 6, 2011

ACCOUNTING |. Accounting & Finance. My take on this idea is very simple: Stay Hungry. Tags accounting. accounting software. Construction Accounting Software. Tags: accounting , business , business owner , construction , software , stay hungry stay foolish , steve jobs. STRATEGY |. MANAGEMENT |.

Construction 195

Construction Software Software Accounting 195

Contractor Bookkeeping

JUNE 22, 2012

Construction Accounting - Is our special expertise which means all of my writing is addressed to members of the construction industry and how we can help them with QuickBooks Setup, QuickBooks Clean-Up and Cloud Based Online Bookkeeping Services. . #1 attempting to mimic our expertise in construction accounting.

Profitability 48

Profitability Contractors Accounting Banking 48

Construction Business Owner

OCTOBER 10, 2011

ACCOUNTING |. Accounting & Finance. Ideas start flowing and problems are solved. Through our discussions, we shared ideas about what the profile of such an employee might be. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

MAY 24, 2012

ACCOUNTING |. Accounting & Finance. It’s hard to think of examples where this is a good idea in any business. And for good reason, since the way accounting and business management use software is much different from the way construction operations and project management use it. Tags accounting. STRATEGY |.

Construction 120

Construction Software Software Iowa 120

Construction Business Owner

MAY 17, 2012

ACCOUNTING |. Accounting & Finance. OSHA has been grappling with the idea of developing a specific ergonomic standard for the construction industry. So what are your thoughts and ideas regarding ergonomic applications in the construction industry? Tags accounting. accounting software. STRATEGY |. SOFTWARE |.

Construction 120

Construction Software Software Injury 120

ProcurementExpress.com

JANUARY 2, 2019

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. WIP is one element of an inventory account. From an accounting perspective, WIP represents an asset on the balance sheet.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

Construction Business Owner

OCTOBER 14, 2011

ACCOUNTING |. Accounting & Finance. This is where accountability comes in to play. It’s not always an easy conversation to have, but by holding project managers accountable, you decrease the chance that change orders will fall through the cracks, resulting in lost revenue for the company. Tags accounting.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

SEPTEMBER 13, 2011

ACCOUNTING |. Accounting & Finance. « Why Construction-Specific Accounting Software Costs More than Generic Accounting Software. » Considering New Accounting Software? Kids are back at school, football has started up, and contractors all over the country are starting to consider new accounting software.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

JULY 18, 2013

They are not sacrificing themselves to the "good of mankind" or to the idea it is there duty to "Increase everyone else''s wealth with no thought of their own well-being", in fact quite the opposite. Stephen Covey describes it as "The Emotional Bank Account." Life is good!

Profitability 49

Profitability Contractors Accounting Compensation 49

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. Let me know if any of you have done this before or have any ideas for putting together a stress test model for the construction industry.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 5, 2012

ACCOUNTING |. Accounting & Finance. I hope these ideas help as the year starts and we get closer to the construction season. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Green Building.

Construction 120

Construction Bidding Software Software 120

Contractor Bookkeeping

JUNE 18, 2013

Three Steps To A Paradigm Shift: #1 Unfreeze - Being open to a new idea that is in agreement with your core values. #2 Cash flow issues kill contractors even though they have profit. Poor scheduling affects production and cash flow. Ignoring Profit Centers and Key Performance Indicators (KPI).

Cash Flow 48

Cash Flow Construction Change Orders Contractors 48

ProcurementExpress.com

JANUARY 2, 2019

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. WIP is one element of an inventory account. From an accounting perspective, WIP represents an asset on the balance sheet.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Construction Business Owner

OCTOBER 20, 2011

ACCOUNTING |. Accounting & Finance. Not too long ago, or so it seems, we were more than ecstatic at the idea of being able to call our project managers in the field on mobile phones. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |.

Construction 136

Construction Software Software Project Management 136

Construction Business Owner

MARCH 29, 2012

ACCOUNTING |. Accounting & Finance. I hope these ideas will help with your construction business management. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology.

Construction 120

Construction Software Software Accounting 120

Construction Marketing Ideas

AUGUST 30, 2012

We spend quite a bit of time in business thinking about our profits and our rights. The creative solution to the problem: Proceed with the job, invite the designer to submit an additional invoice for the cost overrun, and pay that invoice as funds become available but not in a manner that would cause cash flow challenges short term.

Cash Flow 54

Cash Flow Negotiation Construction Compensation 54

Construction Business Owner

DECEMBER 1, 2011

ACCOUNTING |. Accounting & Finance. And these are not light-weight “apps” – these are powerful enterprise systems for accounting, financial management, project management, HR, and more. cloud computing) is going to bring us closer to that idea. Tags accounting. accounting software. STRATEGY |. MANAGEMENT |.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

MARCH 29, 2012

ACCOUNTING |. Accounting & Finance. Drawings have been used by designers for centuries to communicate ideas to the construction trades. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management.

Construction 120

Construction BIM Software Software 120

Contractor Bookkeeping

MAY 2, 2013

Four Important Words That Turn High Profit Jobs Into Non-Profit Jobs! I Have An Idea. Part of the root cause can be traced to a mild case of "Stockholm Syndrome" where contractors feel their cash flow may be held captive by their customers or clients. That Should Be Included. Since It''s Open Anyway.

Change Orders 48

Change Orders Contractors Cash Flow Profitability 48

Contractor Bookkeeping

DECEMBER 13, 2013

If Has Just Happened to you please stop and click on Emergency Accounting or call Sharie 206-361-3950 or email her Sharie@FastEasyAccounting.com and get help now! When it happens you have a full blown emergency accounting situation! And Worst Part Is - She had no idea that Construction Accounting is the hardest bookkeeping of all!

Deals 48

Deals Accounting Banking Contractors 48

Contractor Bookkeeping

JULY 4, 2012

Construction Company Owners - Need specialty accounting and bookkeeping services needs which is totally different than standard accounting. Client Size there is no such thing as ever being “Too Small” Many of our clients are one person construction companies with an idea and the desire to be in business for themselves.

Contractors 48

Contractors Cash Flow Accounting Washington 48

Contractor Bookkeeping

MAY 22, 2013

This video shows you step by step the Fast Easy Accounting way to work with your Free Construction Change Order Form. We certainly hope this will help you increase construction sales and bottom line profit by getting paid for all the extra work you are doing. I Have An Idea. Construction Change Order Video. It''s Easy For You.

Change Orders 49

Change Orders Contractors Cash Flow Profitability 49

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 Use Your Personal Credit Cards - And supplier accounts to finance your new business and perhaps you were not careful about what you bought? Bank Accounts - Set up two bank accounts in your company name.

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

JULY 18, 2012

Put the wrong foundation under your business and it will not matter who is doing the bookkeeping because it will always be a mess and you will never get the reports you really need in order to operate and grow your business profitably. We spent years and thousands of dollars developing a process that works with QuickBooks. We know what to do!

Commercial 54

Commercial Contractors Remodeling Cash Flow 54

Autodesk Construction Cloud

JANUARY 6, 2022

The benefits of collaboration may include fewer changes and rework, a higher likelihood of an on-time delivery, higher profits, fewer wasted materials, and other important positives. Each member of the construction team is forced to compete with the others to earn a reasonable profit; delays, conflicts, and disputes are common.”.

Construction 52

Construction Estimating Design Budgeting 52

Contractor Bookkeeping

APRIL 20, 2013

Your customers and clients are busy with their own lives and most of them need to be reminded about how much they owe you in order for you to get paid and maintain your cash flow. But as luck would have it, we had Randal DeHart as our accountant. How’s that for a Good Accountant?". We were at a loss for what to do.

Contractors 48

Contractors Documentation Office Cash Flow 48

Contractor Bookkeeping

AUGUST 9, 2012

Yes, I know that sounds a bit harsh please understand it comes from over thirty years of experience in the construction industry both as a contractor, a construction accountant and a profit and growth coach for a few select construction company owners. I have been there, done that, got the T-Shirt, the tattoo and sang a song about it.

Organization 48

Organization Contractors Accounting Profitability 48

Job Order Contracting

DECEMBER 13, 2020

The key to consistent delivery of successful projects therefore lies in the ability to account for and/or manage variations as they occur. The ability to successfully account for and manage change during a project lies in an organization’s leadership and level of maturity relative to its strategies, processes, goals, and resources.

Project Management 161

Project Management Capterra Organization Management 161

Construction Business Owner

JANUARY 10, 2012

ACCOUNTING |. Accounting & Finance. Getting people and processes in place is like Jobs’ wearing the same basic outfit—it eliminates minor decisions and troubleshooting so that you can focus on bigger decisions, ideas, and growing your business. Tags accounting. accounting software. Construction Accounting Software.

Construction 174

Construction Software Software Accounting 174

Building Information Management

MARCH 19, 2013

It is also defined as the total cash flow of the project from the conceptual stage to the disposal stage (Bennett, 2003). Life cycle analysis takes into account the capital costs of the project as well as costs of operation and maintenance. VM takes into accounts all the criteria that the client / user desire in their project.

Life Cycle 53

Life Cycle Management BIM Engineering 53

Contractor Bookkeeping

MAY 22, 2013

An accounting and bookkeeping firm has found an innovative way to leverage Qvinci Software''s free version of Qvinci, called Solo, to streamline its operations and deliver value to clients. Here is the story: Randal DeHart is an accountant in Lynnwood, Washington, just outside Seattle. The Short Video Below Tells The Story.

Contractors 48

Contractors Accounting Software Software 48

Contractor Bookkeeping

SEPTEMBER 4, 2015

The idea is when you first meet someone you automatically credit that person with a small amount of emotional trust and they do the same for you. In due time you both make deposits and withdrawals into and out of each other's emotional bank account.

Profitability 48

Profitability Contractors Negotiation Banking 48