Remove Banking Remove Foundation Remove Overhead Remove Project Management
article thumbnail

Bookkeeping Is Painful And Takes Longer When Contractors Do It

Contractor Bookkeeping

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". That would mean you would be putting $250,000 dollars a year before taxes in "Hip National Bank".

article thumbnail

Bill.Com Can Save Time And Increase Your Construction Company Profits

Contractor Bookkeeping

Online invoicing and bill paying and is saving contractors in ### time and money by streamlining their entire processes which means they and getting paid faster and putting more money in the bank to operate and grow their construction company. an hour after all of the taxes and overhead. For example a part-time bookkeeper paid $15.00

professionals

Sign Up for our Newsletter

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

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

But to count on them as the source of profit is to bank on an unpredictable variable that is not under your control, that is hard to manage, and that you may wish to use for a completely different purpose – business development (more on this in a moment). Committing Intentional Project Communications. document management.

article thumbnail

Fast Easy Accounting Overview What We Do For Contractors

Contractor Bookkeeping

We show you how to remove unique cash flow bottlenecks which are common in contractors bookkeeping, that results in more money in the bank, reduced overhead and lowers their stress level. Our Co-Founder Randal DeHart - Is a Certified PMP (Project Management Professional) with several years of construction project management experience.

article thumbnail

Unique Construction Company Financing Secrets Revealed

Contractor Bookkeeping

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. Hopefully you have gained some insights to the banking, lending and bonding industry.

Finance 48
article thumbnail

Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

Their primary function is preparing the annual tax return, performing audits and preparing Certified Financial Statements for bank loans and when a construction contractor requires them before issuing a construction bond. Bank Balance - Un-cleared Checks) = Cash. Expenses - Overhead required to maintain business operations.

article thumbnail

Outsourcing Contractor Bookkeeping Services Vs. Jobs

Contractor Bookkeeping

Construction Accounting is built on a foundation of regular accounting and shares the same basic financial reports for operating and growing a business and preparing annual tax returns and some very rudimentary management decisions. a month just to reconcile the bank and credit card statements. an hour X 2 hours = $50.58