Contractor Bookkeeping

JUNE 19, 2013

Fast Easy Accounting has numerous FREE downloadable Forms for ever contractor around the world to use. Tiny changes like adding a simple one page website, voicemail, mapping your email to your cell phone and accepting credit card payments can make a huge impact on your bottom line profits. Change Orders are a huge source of new profit.

Profitability 49

Profitability Cash Flow Accounting Construction 49

Contractor Bookkeeping

OCTOBER 31, 2013

Is Xero Accounting Online Working For Your Construction Company? Most Contractors Don''t Want Xero Accounting Online or any other construction accounting software they just want reports they can use to operate and grow their construction company. What Is Xero Accounting Online Doing Or Not Doing?

Accounting 48

Accounting Contractors Project Management Management 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

Contractor Bookkeeping

OCTOBER 31, 2013

Most Contractors Don''t Want Xero Accounting Software - QuickBooks software or any other construction software for that matter. What Is Xero Accounting Software Doing Or Not Doing? Here Is Where We Come In - We offer you a FREE review and a few tips and tricks to help you straighten out your Xero accounting software.

Accounting 49

Accounting Contractors Software Software 49

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

Fieldwire

MARCH 5, 2024

Subcontractors getting awarded a contract spells financial disaster if the bid is too high to be competitive or too low to be profitable. Take target profit into account Determine a suitable profit margin to make the project worth your while without turning off property owners. On average, remodelers net 4.7%

Budgeting 52

Budgeting Budget Estimating Bidding 52

Contractor Bookkeeping

JUNE 12, 2015

President of Construction Accounting And Consulting. He/she is a valuable resource to all contractors, not just remodel contractors. Please be sure to let him/her know Randal DeHart, The Contractors Accountant, recommended you. Today's Guest Article Features Patrick Ingram. Podcast which you can listen to below.

Contractors 48

Contractors Remodeling Accounting Roads 48

Pro Builder

MARCH 15, 2021

Ultimately, the lack of certainty when setting your bids affects your ability to remain profitable. When your company is growing, there’s no gap between projects and little time to spend collecting data, importing it to spreadsheets, and thinking like an accountant. The benefit is that your employees capture the data for you.

Bidding 52

Bidding Profitability Accounting Remodeling 52

Contractor Bookkeeping

AUGUST 14, 2015

What started out as an adventure turned into something not as fun as you thought it would be and then it degenerated into a nightmare as you discovered the three accounting nightmares all contractors face. #1 We spent over 20 years owning and operating construction companies including service and remodel firms.

Contractors 48

Contractors Accounting Remodeling Profitability 48

Contractor Bookkeeping

MAY 31, 2013

The reality is I am simply a Great Big Teddy Bear that loves accounting and helping contractors achieve their definition of success and anyone who has anything to do with building, remodeling or maintaining our homes and businesses. Annual net profit after all expenses roughly $20K to $40K. Salt of The Earth. The Professional.

Accounting 48

Accounting Construction Contractors Profitability 48

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 89

Contractors Accounting Work in Progress Profitability 89

Contractor Bookkeeping

MAY 25, 2013

Contractors Do You Want To Know How Much Profit You Made On Your Last Job So You Can Earn More On The Next One. You''re in the exact right place to learn about solution designed especially to help you read and understand your Job Costing and Job Profitability reports without having to setup QuickBooks and generate the reports yourself.

Profitability 48

Profitability Accounting Construction Contractors 48

Contractor Bookkeeping

MAY 24, 2013

Contractors Do You Want To Know How Much Profit You Made On Your Last Job So You Can Earn More On The Next One. You''re in the exact right place to learn about solution designed especially to help you read and understand your Job Costing and Job Profitability reports without having to setup QuickBooks and generate the reports yourself.

Profitability 48

Profitability Accounting Construction Schedule 48

Contractor Bookkeeping

SEPTEMBER 5, 2014

This means job costing and job profitability metrics must be used in conjunction with predetermined Universal Common Denominator(s) (UCD). Commercial tenant improvement contractor that does residential remodel projects. Plumbing contractors that do service work and remodel projects. QuickBooks Premier Contractor.

Contractors 48

Contractors Accounting Remodeling Project Management 48

Contractor Bookkeeping

JUNE 18, 2012

All Bookkeeping Methods Share The Same Accounting Equations. Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Sales - Expenses) = Profit. Regular Bookkeeping - Is roughly 80% of all accounting and bookkeeping for businesses in the world. Cash On Hand.

Contractors 58

Contractors Profitability Overhead Equity 58

Contractor Bookkeeping

AUGUST 16, 2013

All Accounting Uses The Accounting Equation. Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Sales - Expenses) = Profit. Regular Bookkeeping - Is roughly 80% of all accounting for businesses in the world. Construction Accounting Titles = 233. Cash On Hand.

Work in Progress 60

Work in Progress Accounting Construction Leases 60

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

Contractor Bookkeeping

MAY 31, 2013

The reports shown below are a few of the most popular Job Costing Work In Progress (WIP) Reports among our most profitable spec home builders, commercial tenant improvement contractors and high-end cost plus residential remodel contractor clients. Outsourced Construction Accounting Services. Need Help Now?

Work in Progress 49

Work in Progress Profitability Remodeling Accounting 49

Pro Builder

FEBRUARY 12, 2021

For home builders, framers, and remodeling contractors, the impact has eroded profitability, stalled production, and led to cancelled sales contracts and all-out shut-downs of projects—all of which works against housing affordability. "We They don't take into account overhead or profit for the builder, which is a bad way to go."

Housing 119

Housing NAHB Materials Profitability 119

Contractor Bookkeeping

MAY 25, 2013

Contractors Do You Want To Know How Much Profit You Made On Your Last Job So You Can Earn More On The Next One. You''re in the exact right place to learn about solution designed especially to help you read and understand your Job Costing and Job Profitability reports without having to setup QuickBooks and generate the reports yourself.

Schedule 49

Schedule Profitability Accounting Construction 49

Contractor Bookkeeping

JANUARY 27, 2014

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.

Contractors 49

Contractors Accounting Banking Profitability 49

Contractor Bookkeeping

JANUARY 13, 2014

Lately a lot of contractors like you are discovering the need to get better financial and job costing reporting from their accounting software in order to stay competitive and know in advance which jobs to bid on that have a history of making your construction company a reasonable profit and which ones to ignore. Questions to ask.

Contractors 61

Contractors Accounting Project Management Profitability 61

Contractor Bookkeeping

AUGUST 15, 2014

When it is time to file the taxes you generate a Profit & Loss and Balance Sheet and give it to whomever does your tax return. QuickBooks - Is a tool like any other tool in the hands of a Master Construction Accountant it can do marvelous things that will amaze even the toughest contractor, their banker and performance bonding agent.

Contract 48

Contract Accounting Income Contractors 48

Contractor Bookkeeping

NOVEMBER 7, 2013

Is Freshbooks Accounting not working for your construction company? Freshbooks Accounting is a great program for small contractors but it may not the power to do what you need it to do. Do you own a general construction company that specializes in residential remodeling or a commercial tenant improvement construction company?

Accounting 48

Accounting Construction Contractors Project Management 48

Contractor Bookkeeping

JULY 24, 2014

When you own a small contracting company, like a residential remodeler, plumber, electrician, concrete contractor, flooring contractor or any other construction related company it is imperative that you have a good clean set of books that are consistent and updated regularly. See more at: [link].

Accounting 48

Accounting Construction Contractors Profitability 48

Contractor Bookkeeping

JUNE 28, 2013

During QuickBooks setup and especially QuickBooks for contractors one of the most dangerous and difficult steps is setting the Chart of Accounts. Sample Chart of Accounts Groups. All Other Contractors - Will normally only need accounts from group #2 and #3. For a full description of each one click here.

Contractors 48

Contractors Accounting Income Work in Progress 48

Contractor Bookkeeping

NOVEMBER 1, 2013

Xero Accounting is a great program for small contractors but it may not the power to do what you need it to do. Do you own a general construction company that specializes in residential remodeling or a commercial tenant improvement construction company? Need Complex Construction Accounting Reports. QuickBooks Conversion.

Accounting 49

Accounting Contractors Project Management Change Orders 49

Contractor Bookkeeping

MARCH 13, 2014

The purpose of this article is to find construction company owners who want to position themselves to take advantage of the coming harvest of pent-up remodel, repair and commercial tenant improvement demand that will occur in the next seven years beginning in 2014 and need help to stay in business now. For Your Construction Company.

Accounting 48

Accounting Construction Contractors Profitability 48

Contractor Bookkeeping

NOVEMBER 25, 2013

Do you own a general construction company that specializes in residential remodeling or a commercial tenant improvement construction company? Need Complex Construction Accounting Reports. Enter all of your Accounts Receivable (Sales). Enter all of your Accounts Payable (Purchases). Pay Application Invoicing For Remodel.

Accounting 48

Accounting Contractors Project Management Change Orders 48

Contractor Bookkeeping

NOVEMBER 25, 2013

Do you own a general construction company that specializes in residential remodeling or a commercial tenant improvement construction company? Maybe you own a construction contractor company that needs to track Job Deposits, Progress Billing, Estimates Vs. Need Complex Construction Accounting Reports. Payroll Processing.

Accounting 48

Accounting Contractors Project Management Change Orders 48

Contractor Bookkeeping

NOVEMBER 25, 2013

Do you own a general construction company that specializes in residential remodeling or a commercial tenant improvement construction company? Maybe you own a construction contractor company that needs to track Job Deposits, Progress Billing, Estimates Vs. Need Complex Construction Accounting Reports. Payroll Processing.

Accounting 48

Accounting Contractors Project Management Change Orders 48

Contractor Bookkeeping

JULY 28, 2014

Payment Applications For Residential Remodel & Commercial Tenant Improvement Contractors. Learn More About Residential Remodel Payment Applications. I have many charge accounts at suppliers everywhere. Simple Invoice. This Simple Invoice can be customized, printed, faxed, e-mailed. How Many Projects Can You Support?

Contractors 49

Contractors Change Orders Accounting Cash Flow 49

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 sell the house and make a profit? The difference between a Professional Bookkeeping Service and a Cheap Bookkeeper can cost you tens of thousands of dollars a year or more on your bottom line profit. We know what to do! Job Deposit Tracking.

Banking 54

Banking Remodeling Profitability Drawings 54

Contractor Bookkeeping

FEBRUARY 14, 2014

It has always been and will likely always be that: 95 out of 100 contractors will earn less than 3% net profit. 4 out of 100 contractors will earn between 3%-15% net profit. 1 out of 100 contractors will earn in excess of 15% net profit. profit went straight to the bottom line. Who will service my account?

FAQ 49

FAQ Contractors Accounting Security 49

Contractor Bookkeeping

MAY 7, 2014

1 Internal Bookkeeping which is the day-to-day data entry, reconciling bank accounts, credit card accounts, payroll processing and the other tasks with one primary purpose. Three Levels Of Accounting. #1 1 Retail which is roughly 80% of all bookkeeping and accounting and is primarily what is taught in colleges and universities.

Accounting 48

Accounting Construction Retail Contractors 48

Contractor Bookkeeping

JULY 7, 2014

Reconcile The Bank Accounts. Reconcile The Credit Card Accounts. Generate Useful Profit & Loss Reports. Own a trade or specialty Contractor Company (No Remodelers, Builders, Developers). Accounting Is Not Easy. Run Errands. Manage The Money. Apply For Loans And Lines Of Credit. Input Time Cards. Schedule Jobs.

Contractors 49

Contractors Accounting Banking Project Management 49

Contractor Bookkeeping

JUNE 29, 2013

They just want financial reports, Profit & Loss, Balance Sheet, Job Costing Reports and Job Profitability Reports. Review your QuickBooks Setup including the Chart of Accounts. We will not train you on contractors bookkeeping services or construction accounting. What Is Your QuickBooks Doing Or Not Doing?

Contractors 73

Contractors Office Work in Progress Profitability 73