Contractor Bookkeeping

AUGUST 16, 2013

Bank Balance - Un-cleared Checks) = Cash. Expenses - Overhead required to maintain business operations. Breakeven - Is fairly easy to calculate because there is a direct relationship between income and expenses on every item. Bank Account - Escrow Deposits. Bank Account - Operating. Bank Account - Job Deposits.

Work in Progress 60

Work in Progress Accounting Construction Leases 60

Contractor Bookkeeping

JUNE 18, 2012

Bank Balance - Un-cleared Checks) = Cash. Expenses - Overhead required to maintain business operations. Breakeven - Is fairly easy to calculate because there is a direct relationship between income and expenses on every item. In this case some overhead costs were classified as direct costs and assigned to the job.

Contractors 58

Contractors Profitability Overhead Equity 58

Contractor Bookkeeping

MAY 17, 2013

Bank Balance - Un-cleared Checks) = Cash. Expenses - Overhead required to maintain business operations. Breakeven - Is fairly easy to calculate because there is a direct relationship between income and expenses on every item. In this case some overhead costs were classified as direct costs and assigned to the job.

Accounting 48

Accounting Contractors Profitability Overhead 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. Think of all the times: You loaned money to a friend or relative.

Finance 48

Finance Accounting Construction Banking 48

Contractor Bookkeeping

FEBRUARY 5, 2014

Their primary function is to read the incoming paperwork (electronic and hard copy) and follow a pre-determined set of rules and guidelines to put each transaction where it needs to go in QuickBooks or Xero Accounting Online depending on which accounting software the construction contractor is using. Bank Balance - Un-cleared Checks) = Cash.

Accounting 48

Accounting Construction Profitability Contractors 48

Contractor Bookkeeping

AUGUST 27, 2014

Chart of Accounts Customer Checks Returned From Bank. Chart of Accounts Special Accounts Flipper Houses. Chart of Accounts Spec House Construction Loans. Bank Reconciliations. Other Income Tracking. Chart of Accounts Payroll Taxes. Chart of Accounts Payroll Tax Liabilities. Chart of Accounts Customer Discounts.

Contractors 89

Contractors Accounting Work in Progress Profitability 89

Contractor Bookkeeping

AUGUST 15, 2014

QuickBooks Pro - Is great for contractors acting as Sole Proprietor with annual sales under $100,000 who simply need a way to keep track of basic income and expenses. When you spend money record it in the check register as an expense and when you receive money record it as income.

Contract 48

Contract Accounting Income Contractors 48