Contractor Bookkeeping

AUGUST 1, 2012

Reviewing QuickBooks Profit And Loss Reports - From our construction accounting clients reminded me of something I learned in my own construction businesses a long time ago. Construction accounting financial reports can be like staring at a hill of beans if you don't know what you are looking at or why.

Profitability 54

Profitability Accounting Construction Overhead 54

Safety Services Company

SEPTEMBER 24, 2017

Safety must be the foundation of every activity in your organization, because not only is it the keystone of productivity and profitability, but a responsibility for which you are expressly liable. Keep in mind that many liability lawsuits have arisen from negligence occurring after training; formal initial training is not enough.

Liability 48

Liability Safety Employment OSHA 48

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.

Accounting 48

Accounting Construction Profitability Contractors 48

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.

Accounting 49

Accounting Housing Construction Contractors 49

Contractor Magazine

MARCH 18, 2014

This evolved from a question that was posed by contractors on a message board regarding the difference between profits and cash. It’s the financial statement that summarizes the company’s assets, liabilities and equity at any moment in time. Management Registered User' What is the balance sheet?

Cash Flow 51

Cash Flow Accounting Contractors Equity 51

Contractor Bookkeeping

MAY 5, 2014

The Balance Sheet is the summary report which shows all of the assets minus the liabilities which equals the "Book Value" or owner''s equity. Owner’s equity is in theory what would be left over if you liquidated the company, sold the assets and paid all of the debts or liabilities. Business Process Management (BPM) For Contractors.

Cash Flow 48

Cash Flow Agreement Profitability Contractors 48

PSMJ Resources

MARCH 31, 2014

How much does your accountant charge per hour? Maybe you contracted for some training on your building information management system. Fees must adequately cover training, professional development, ample profit, and future liability. Your outside counsel?

Profitability 52

Profitability CAD Negotiation Liability 52

Construction Business Owner

JANUARY 18, 2012

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Querying different type of jobs in job costing to look at profitability by type. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software.

Construction 168

Construction Software Software Accounting 168

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.

Accounting 48

Accounting Washington Leases Insurance 48

Construction Business Owner

SEPTEMBER 27, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. « Considering New Accounting Software? Public Exposure and Liability on Construction Sites. Better Project Management through Better Communication. Tags accounting.

Construction 180

Construction Software Software Accounting 180

Construction Business Owner

DECEMBER 20, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. New Year’s Resolutions for Construction Management » Merry Christmas! Public Exposure and Liability on Construction Sites. Better Project Management through Better Communication.

Software 120

Software Software Construction Accounting 120

Construction Business Owner

APRIL 1, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Healthy Competition » Free Webinar on Reducing Profit Fade. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. Tags accounting.

Cash Flow 120

Cash Flow Construction Software Software 120

Job Order Contracting

NOVEMBER 7, 2017

Setting up a Job Order Contract Using Best Management Practices involves a mix of strategic and operational steps including a gap analysis of current and planned outcomes. . e) Each signed task order becomes, in effect, a fixed price, lump sum contract and is managed accordingly. Planning and coordination. (a)

Contract 100

Contract Management Negotiation Estimating 100

Construction Business Owner

APRIL 26, 2012

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” STRATEGY |. SOFTWARE |.

Change Orders 120

Change Orders Construction Profitability Software 120

Construction Business Owner

JUNE 29, 2012

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. « Better Project Management through Better Communication. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. Management.

Construction 120

Construction Safety Software Software 120

Construction Business Owner

AUGUST 30, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Considering New Accounting Software? The Best Time to Go Live is… » Why Construction-Specific Accounting Software Costs More than Generic Accounting Software. STRATEGY |.

Construction 168

Construction Software Software Accounting 168

Construction Business Owner

JANUARY 31, 2012

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Public Exposure and Liability on Construction Sites. Better Project Management through Better Communication. Tags accounting. accounting software. document management.

Construction 185

Construction Software Software Accounting 185

Contractor Bookkeeping

JANUARY 4, 2013

The Contractors Accountant, Randal DeHart. I have been where you are now Having worked in the trades, owned and operated construction businesses and being trained in construction bookkeeping and accounting I understand what it takes to run a successful construction business. We know what to do!

Accounting 48

Accounting Contractors Project Management Remodeling 48

Construction Business Owner

APRIL 5, 2012

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Green Construction & Construction Software » The Business of Construction Risk Management. And risk can be a profit center, since insurance companies obviously make money.

Risk 120

Risk Insurance Construction Software 120

Construction Business Owner

JANUARY 12, 2012

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. The end of December didn’t just bring about New Year’s resolutions – it brought the end of the yearly accounting cycle. Needless to say, most accounting departments are rather busy right now.

Construction 136

Construction Software Software Accounting 136

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

Contractor Bookkeeping

JUNE 12, 2013

Contractors That Do Not Earn Large Profits see contractors bookkeeping services as overhead which leads to the following profit drains: They get a cheap computer, tiny monitor, garbage printer, tiny desk and broken down chair that even the dog would not sit in and tell the bookkeeper this is all the company can afford.

Profitability 48

Profitability Contractors Accounting Estimating 48

Construction Business Owner

NOVEMBER 8, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. For instance, Foundation Software’s vision is this: “To provide the best in accounting software and service for the labor intensive contractor.” Tags accounting. accounting software.

Construction 174

Construction Software Software Accounting 174

Construction Business Owner

APRIL 2, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. « Free Webinar on Reducing Profit Fade. Public Exposure and Liability on Construction Sites. Better Project Management through Better Communication. Tags accounting.

Construction 159

Construction Software Software Accounting 159

Construction Business Owner

DECEMBER 6, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. « 3 Tips for Better Construction Fleet Fuel Management. Public Exposure and Liability on Construction Sites. Better Project Management through Better Communication.

Construction 195

Construction Software Software Accounting 195

Construction Business Owner

MAY 29, 2012

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Connecting within the Construction Company » Free Webinar: Managing Information Overload. Managing this information overload can be difficult. Tags accounting. Management.

Construction 120

Construction Software Software Cash Flow 120

Construction Business Owner

MAY 24, 2012

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Free Webinar: Managing Information Overload » Silos: Great for Grain, Not so Great for Business. STRATEGY |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. Software & Technology.

Construction 120

Construction Software Software Iowa 120

Construction Business Owner

AUGUST 19, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Why Construction-Specific Accounting Software Costs More than Generic Accounting Software » Look for the September How To Issue. STRATEGY |. SOFTWARE |. MARKETING |. INSURANCE |.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

MAY 7, 2012

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. « Staying Focused in the Fight Against Profit Fade. Public Exposure and Liability on Construction Sites. Better Project Management through Better Communication.

Construction 120

Construction Software Software Accounting 120

Job Order Contracting

MARCH 1, 2017

JOB ORDER CONTRACTING Cooperatives play an important role for real property owners, facilities manager, and contractors. Make certain that the roles, responsibilities, tools, requirements and liabilities associated with the JOC are specified. Will you earn a reasonable profit? Early and ongoing involvement of ALL participants.

Contract 100

Contract Legal United States Documentation 100

Construction Business Owner

APRIL 19, 2012

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Staying Focused in the Fight Against Profit Fade » Connecting in Construction. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software.

Construction 120

Construction Software Software Conference 120

Construction Business Owner

OCTOBER 20, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Last week I had the privilege of attending the annual leadership conference of the Construction Financial Management Association (CFMA). STRATEGY |. SOFTWARE |. MARKETING |. INSURANCE |.

CFMA 120

CFMA Construction Software Software 120

Levelset

AUGUST 26, 2022

At the core, you have property coverage for your tools and equipment, along with a liability component that protects your financial assets in case there’s a work-related accident or injury that you may have some responsibility for. . It’s prudent to look back and realize that potential liability doesn’t end when the project is completed.

Insurance 52

Insurance Liability Equipment Agreement 52

Green Building Law Update

APRIL 7, 2020

Savvy players in the environmental industrial complex will find business opportunities to lead and profit in environmental matters, including opportunities advantaged by these newly enacted laws. The bill also establishes liability protections for MDE and the State. Nor does it in any other way prohibit or even regulate PFAS chemicals.

Maryland 156

Maryland Commissioning Regulation Environment 156

Construction Business Owner

FEBRUARY 16, 2012

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Mountjoy, Chilton, Medley LLP is a CPA firm with a team of accountants dedicated to construction accounting. Banks are attracted to profitable business. Tags accounting.

Banking 120

Banking Construction Cash Flow Finance 120

Construction Business Owner

JUNE 29, 2012

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Public Exposure and Liability on Construction Sites » Better Project Management through Better Communication. Public Exposure and Liability on Construction Sites.

Construction 122

Construction Documentation Software Software 122

Construction Business Owner

AUGUST 18, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Public Exposure and Liability on Construction Sites. Better Project Management through Better Communication. Tags accounting. accounting software. document management.

Cash Flow 168

Cash Flow Software Software Accounting 168