Contractor Bookkeeping

MAY 5, 2014

The price of a service agreement must pay for the corresponding maintenance and whatever is left after the cost of material, labor and other costs is gross profit. Successful contractors put the cash in another interest bearing bank account and do not transfer any of it until the work is performed.

Cash Flow 48

Cash Flow Agreement Profitability Contractors 48

Contractor Bookkeeping

SEPTEMBER 27, 2013

You are a spec home builder in need of a construction draw and your bank or lender wants to see your latest financial reports and this time they want all of the current houses you are working on to be reflected in QuickBooks correctly as Work-In-Process (W.I.P.) Does this sound familiar? and not in Cost of Goods Sold (COGS) or Expenses.

Banking 48

Banking Change Orders Accounting Cash Flow 48

Construction Law

JUNE 1, 2021

The fundamental issues remain – clients are convinced that the industry is inefficient and prices have to be held down; main contractors compete ruthlessly on price and take work with little chance of profits and sub contract what they can down the supply chain to those least able to shoulder the risk.

Industrial 52

Industrial Insurance Banking Procurement 52

Construction Marketing

JANUARY 25, 2023

Developers must understand the various financing options, such as traditional bank loans, private equity, and government programs. Successful developers can identify opportunities, navigate the development process, and make informed decisions to create profitable and successful projects. You must secure financing for the project.

Commercial 217

Commercial Leases Regulation Finance 217

Contractor Bookkeeping

JUNE 11, 2014

A new message regarding a change to the Department of Revenue''s banking information is waiting in your Secure Messaging Inbox regarding your account. On July 1, 2014, the Department''s bank account will move from Bank of America to US Bank. You may see a change in the payment description on your bank statement.

Washington 48

Washington Contractors Banking Accounting 48

cnstrctr

JANUARY 4, 2020

Under a lump sum contract the consultants are typically engaged by the owner and the contractor falls under a separate contract with the owner. The contract is typically governed by the prime consultant. The major difference however, is that the contractor engages the consultants and provides a complete proposal to an owner.

Contract 88

Contract Construction Finance Documentation 88

Contractor Bookkeeping

JUNE 1, 2013

The First Place to start is an understanding the real profit in any construction is made in the office, not in the field because hard work in the field cannot overcome bad strategy from the office. It sounds crazy but look around you some of your competitors are laughing all the way to the bank and you can too! "If

Products 48

Products Profitability Construction Cash Flow 48

Contractor Bookkeeping

OCTOBER 30, 2013

Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Daily reconciliation of bank feeds. QuickBooks Is Best If You: Take Job Deposits. Have Change Orders. Weekly reporting.

Accounting 48

Accounting Banking Construction Project Management 48

Contractor Bookkeeping

AUGUST 6, 2014

You Want Money; Banks Want To Lend Money, What''s The Problem? Multiply That By 100,000 And You Will Begin To Understand Why Banks Seem So Tight Fisted About Loaning Money. Banks stay in business is by loaning money and earning interest. In particular, your construction company Profit & Loss and Balance Sheet.

Finance 48

Finance Accounting Construction Banking 48

Contractor Bookkeeping

JUNE 15, 2012

You Are Not A Bank - Never lend money to a customer in the form of providing a lot of labor, material, subcontractors and rental equipment hoping to get paid later on down the road. McDonalds Restaurants Earns - Massive profits and part of the reason is cash flow. Your Money Goes To Your Bank In An Electronic Armored Car.

Contractors 54

Contractors Cash Flow Banking Finance 54

DebunkTheBIM

MAY 4, 2015

The trend, that originated somewhere in the 1980s too – and my term for it is, ‘The Global Takeover of the AEC consultancy Market by a Controlling Few’. Other industries had done it, some quite a long time ago, financial institutions, banks, the transportation, hospitality even the educational industry.

BIM 48

BIM Consulting Engineering Industrial 48

Contractor Bookkeeping

MARCH 11, 2016

Because That Always Costs Them Profit Dollars In The End. Cheap material is one of the causes for warranty work which drains profits and runs up labor and material costs. And they will tend to stay with your construction company longer which will help you earn more profits. At 10% Profit You Need To Sell $15,544.20

Contractors 48

Contractors Accounting Profitability Equipment 48

Contractor Bookkeeping

JULY 7, 2014

Reconcile The Bank Accounts. Make Bank Deposits. Generate Useful Profit & Loss Reports. This Is One More Example of how Fast Easy Accounting is helping construction company owners just like you put more money in the bank to operate and grow your construction company. Credit Card Companies. Incompetent Bookkeepers.

Contractors 48

Contractors Accounting Banking Project Management 48

Contractor Bookkeeping

SEPTEMBER 1, 2014

For Example - The simple Profit & Loss Report Can Be Shown Four Different Ways With Little Effort. The First Two Profit & Loss Reports Show Accrual Basis Vs. Cash Basis. The Next Two Profit & Loss Reports Show Accrual Vs. Cash And % of Income. 3 Looking for trends to find ways to improve cash flow and profitability.

Contractors 48

Contractors Accounting Cash Flow 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. Which QuickBooks Reports Will Help You Increase Sales And Profits? Of course you are!

Contractors 88

Contractors Accounting Work in Progress Profitability 88

Contractor Bookkeeping

JANUARY 27, 2014

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? Spec Home Builders - Need people trained in construction accounting who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. We know what to do!

Contractors 48

Contractors Accounting Banking Profitability 48

Contractor Bookkeeping

AUGUST 13, 2014

I Do Like Managed Risks - Which is anything I can control the input and have a greater than breakeven chance of making a profit. Knowledge Leads To Profits And Cash Flow. One Tiny Bit Of Knowledge High Profit Contractors. At 10% Profit You Need $15,544.20 More Sales To Maintain Profit Margin. Use Of Knowledge!

Contractors 48

Contractors Accounting Profitability CA 48

Contractor Bookkeeping

AUGUST 29, 2014

Is Cash Flow The Same As Profit? While they might seem similar, profit and cash flow are two entirely different concepts, each with entirely different results. The concept of profit is somewhat broad and only looks at income and expenses over a certain period, say a fiscal quarter. Please contact us and we can help you with it.

Cash Flow 48

Cash Flow Management Contract Accounting 48

Contractor Bookkeeping

DECEMBER 3, 2013

Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Daily reconciliation of bank feeds. QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits.

Accounting 48

Accounting Contractors Banking Project Management 48

Contractor Bookkeeping

OCTOBER 30, 2013

Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Daily reconciliation of bank feeds. QuickBooks Is Best If You: Take Job Deposits. Have Change Orders. Weekly reporting.

Accounting 49

Accounting Banking Project Management Software 49

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). If you are not 100% certain your QuickBooks setup is correct, you can contact Sharie at 206-361-3950 or sharie@fasteasyaccounting.com and schedule your no charge one-hour consultation.

Contractors 48

Contractors Accounting Remodeling Project Management 48

Contractor Bookkeeping

DECEMBER 5, 2013

Review Personal Bank Statements - Business. Review Business Bank Statements – Personal. Reconcile Bank And Credit Card Accounts. Verify Profit And Loss - Does It Make Sense? Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Connect your bank and PayPal feeds.

Accounting 55

Accounting Banking Project Management Contractors 55

Contractor Bookkeeping

AUGUST 25, 2014

In normal times, contractors who pay close attention to their Five Key Performance Indicators financial reports and stay aware of the macro global economy and the micro local economy can plan ahead and earn a normal profit after paying the owners a reasonable salary. We Remove Contractor''s Unique Paperwork Frustrations.

Contractors 48

Contractors Accounting Profitability Hawaii 48

Contractor Bookkeeping

NOVEMBER 25, 2013

Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Daily reconciliation of bank feeds. QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits.

Accounting 49

Accounting Banking Project Management Contractors 49

Contractor Bookkeeping

NOVEMBER 25, 2013

Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Daily reconciliation of bank feeds. QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits.

Accounting 48

Accounting Banking Project Management Contractors 48

Contractor Bookkeeping

OCTOBER 24, 2014

Nicola Cairncross is world famous for her books, consulting and podcasts that offer valuable insights that provide massive advantages for business owners who follow her. Nicole Cairncross is a real business consultant who can provide insightful business intelligence to entrepreneurs everywhere around the world.

Accounting 48

Accounting Construction Consulting Project Management 48

Contractor Bookkeeping

NOVEMBER 25, 2013

Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Daily reconciliation of bank feeds. QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits.

Accounting 48

Accounting Banking Project Management Contractors 48

Contractor Bookkeeping

MAY 28, 2014

Can Help You Overcome the challenges of Marketing, Accounting and Production by focusing on the keys to unlock your contracting company natural inclination to generate consistently high cash flow and profits. QuickBooks clean up to make the check register match the bank statement 3. QuickBooks setup for construction was wrong 2.

Contractors 48

Contractors Accounting Profitability Cash Flow 48

Contractor Bookkeeping

NOVEMBER 25, 2013

Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Daily reconciliation of bank feeds. About The Author: Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington.

Accounting 49

Accounting Banking Project Management Washington 49

Contractor Bookkeeping

JUNE 4, 2014

This Is One More Example of how Fast Easy Accounting is helping construction company owners just like you put more money in the bank to operate and grow your construction company. Call Sharie 206-361-3950 or sharie@fasteasyaccounting.com and schedule your no charge one-hour consultation.

Documentation 48

Documentation Products Accounting Project Management 48

Contractor Bookkeeping

MAY 15, 2014

Every piece of paper, receipt, invoice, bank statement, notice, loan statement triggers a memory and you relive it again and again! That would mean one million dollars a year before taxes in "Hip National Bank". million dollar a year company generating 10% net profit every year? What if it only did 1/2 as well and became a $2.5

Contractors 48

Contractors Accounting Project Management Banking 48

Contractor Bookkeeping

NOVEMBER 25, 2013

Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Daily reconciliation of bank feeds. QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits.

Accounting 48

Accounting Banking Project Management Contractors 48

Contractor Bookkeeping

NOVEMBER 25, 2013

Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Daily reconciliation of bank feeds. QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits.

Accounting 48

Accounting Banking Project Management Contractors 48

Contractor Bookkeeping

DECEMBER 13, 2013

Internal Accounting - The part that provides information for the Business Process Management system and generates reports for business owners to read and make decisions about what jobs are profitable and what jobs are not and the reasons why it is that way. After A Few Months - The bank started bouncing Fred''s checks.

Deals 48

Deals Accounting Banking Contractors 48

Contractor Bookkeeping

FEBRUARY 10, 2014

Review Personal Bank Statements - Business. Review Business Bank Statements – Personal. Reconcile Bank And Credit Card Accounts. Verify Profit And Loss - Does It Make Sense? Contact Sharie 206-361-3950 - By email at sharie@fasteasyaccounting.com for a no charge one hour consultation to find out if we can help you.

Accounting 48

Accounting Construction Banking Project Management 48

Construction Business Owner

MARCH 6, 2011

Mr. Rattner discussed the stress tests given by the Treasury Department to large banks that were receiving TARP funds. What would you do next week if you lost that job you had been banking on? After the April consulting rush, I am going to put together a rough model and see if I can’t make this happen for my own company.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

OCTOBER 3, 2014

13 - Your Bookkeeper - Is the primary contact for your company''s banks, auditors, creditors, etc. #14 15 - Your Bookkeeper - Makes the bank deposits and they seem to be too small. #16 Call Sharie 206-361-3950 or sharie@fasteasyaccounting.com and schedule your no charge one-hour consultation.

Accounting 48

Accounting Construction Banking Contractors 48