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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. Sales Tax Returns.

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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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Home Builders Who Need To Keep Track Of Specialty Contractor Costs

Contractor Bookkeeping

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. Pay Application Invoicing For Remodel Projects. Pay Applications For Tenant Improvement Projects (TI). We know what to do! We know what to do!

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Contractor Breakeven Analysis Using QuickBooks

Contractor Bookkeeping

This method is not useful for any contractor outside the parameters given nor is it of any value to contractors engaged in a mix of services for example: Residential remodel contractor that builds spec homes. Commercial tenant improvement contractor that does residential remodel projects. Click Here For More.

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We Remove Contractors Unique Paperwork Frustrations

Contractor Bookkeeping

Manage The Money. Reconcile The Bank Accounts. Manage Change Orders. Make Bank Deposits. And Manage A Few Hundred More Paperwork Nightmares. Own a trade or specialty Contractor Company (No Remodelers, Builders, Developers). Do You Feel Like These People Are Trying To Take Advantage Of You? Embezzlers.

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Construction Bad Debt What To Do About It

Contractor Bookkeeping

You are not a bank so never, ever use your high interest credit cards and supplier accounts to provide financing to your customers in the form of providing a lot of labor, material, subcontractors and rental equipment hoping to get paid later on down the road. Answer #3 - Contractors Are Not Bankers.

Debt 49
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Stop Bookkeeper Embezzlement In Your Construction Company

Contractor Bookkeeping

I say that with all due respect to egg heads since I am an egg-head with several degrees and certifications in Accounting, Construction Accounting and Project Management. 13 - Your Bookkeeper - Is the primary contact for your company''s banks, auditors, creditors, etc. #14 Click Here For More.