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

Contractor Bookkeeping

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.) Pay Application Invoicing For Remodel Projects. Does this sound familiar?

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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

The most common situation is when a residential remodel contractor who has built a reputation and a substantial company generating profits of 15% or more decides to start building custom homes. Or the opposite a home builder who decides to branch out into residential remodeling. Home Builder Doing A Residential Remodel.

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Spec Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

QuickBooks Setup - And choosing the correct QuickBooks Version is the most critical part of all because it is the foundation upon which your entire financial system is built. What You Can Expect From Our Remodel Contractor Bookkeeping Services: Professional Bookkeepers with over 10,000 hours of practice. We know what to do!

Banking 54
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Home Builders Who Need To Keep Track Of Specialty Contractor Costs

Contractor Bookkeeping

QuickBooks Setup - And choosing the correct QuickBooks Version is the most critical part of all because it is the foundation upon which your entire financial system is built. 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? We know what to do! We know what to do!

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What Reports Do Contractors Really Need?

Contractor Bookkeeping

1 Cash On Hand - This report shows you how much cash do you have in all your checking accounts, savings accounts, payroll accounts, hip national bank (your wallet) and petty cash box in your office. Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. QuickBooks Works Best If You.

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Contractor Bookkeeping Vs. Regular Bookkeeping

Contractor Bookkeeping

Bank Balance - Un-cleared Checks) = Cash. They form the foundation of a Business Process Improvement Plan and Construction Business Strategy. Example #1 - The contractor asks the bookkeeper "How much money did we make on the John and Mary Doe house remodel?" All Bookkeeping Methods Share The Same Accounting Equations.

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Contractor Accounting Vs. Regular Accounting

Contractor Bookkeeping

Bank Balance - Un-cleared Checks) = Cash. They form the foundation of a Business Process Improvement Plan and Construction Business Strategy. Example #1 - The contractor asks the bookkeeper "How much money did we make on the John and Mary Doe house remodel?" All Accounting Methods Share The Same Accounting Equations.