Remove Accounting Remove Cash Flow Remove Remodeling Remove Work in Progress
article thumbnail

Home Builders Who Need To Keep Track Of Specialty Contractor Costs

Contractor Bookkeeping

Construction Accounting Services For Home Builders. Spec Home Builders Have Unique Construction Accounting Needs : Keeping Track Of Specialty Contractor Costs - Is one of the most valuable things your contractors bookkeeping services can do for you. The best way is to use Purchase Orders in QuickBooks.

article thumbnail

Commercial Tenant Improvement Contractors Have Unique Bookkeeping Needs

Contractor Bookkeeping

Many Bookkeepers Have Been Stumped - Trying to force QuickBooks to do the accounting for commercial tenant improvement contractors and I understand and empathize with their plight. We spent years and thousands of dollars developing a process that works with QuickBooks. Work In Progress (WIP) Reporting. Sales Tax Returns.

professionals

Sign Up for our Newsletter

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

article thumbnail

Spec Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

Spec Home Building - Is completely different from other construction accounting because the builder accumulates costs as assets until the HUD-1 statement is entered into QuickBooks. Professional Construction Accounting Firms - Have a Bookkeeping System to generate the same results every time. Work In Progress (WIP) Reporting.

Banking 54
article thumbnail

Custom Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

Custom Home Building - Is similar to other construction accounting because the custom home builder accumulates costs in the Cost of Goods area of QuickBooks. Professional Construction Accounting Firms - Have a Bookkeeping System to generate the same results every time. Work In Progress (WIP) Reporting. We know what to do!

article thumbnail

You Have HUD-1 Statements And Your Bank Wants Financial Statements

Contractor Bookkeeping

Now you are really desperate so you call the person who does your taxes and they say to put everything in Cost of Goods Sold (COGS) or Expenses and when you try to explain why that doesn''t work they suggest you are not listening to them. Work In Progress (WIP) Reporting. Pay Application Invoicing For Remodel Projects.

Banking 48
article thumbnail

Making Your Marketing Dollars Disappear Is Easier Than You Think

Contractor Bookkeeping

Common types of items I find in the subject lines in my spam filter: Bathroom remodels. How can we be of help with accounting, bookkeeping or consulting? Step 3: We agree on a plan of action, determine pricing, when you say yes we go to work! Construction accounting holds the answers to the WHO Questions: Who owes you money.