Remove Change Orders Remove Drawings Remove Profitability Remove Work in Progress
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Construction Business Owner Blogs

Construction Business Owner

Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. Just about every contractor has been there — a project starts out strong but, as it moves forward, delays and incidental added work and changes knock dollars and cents off of the bottom line. Stay on Top of Changes.

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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. . #2 If You Know Exactly What To Do.

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Process Dependent Vs. People Dependent Increases Contractor's Profits

Contractor Bookkeeping

. #2 Change State - Arrive at a new understanding about something. In ancient Greece, Socrates argued that education was about drawing out what was already within the student. "I Construction Company Failure Root Causes: Working for customers instead of clients and not charging enough (The 80-20 Rule).

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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.) We have a FREE change order form you can download here.

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Construction Company Failure Root Causes

Contractor Bookkeeping

. #2 Change State - Arriving at a new understanding about something. In ancient Greece, Socrates argued that education was about drawing out what was already within the student. "I Working for customers instead of clients and not charging enough (The 80-20 Rule). Cash flow issues kill contractors even though they have profit.

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QuickBooks For Contractors Cost of Goods Sold Vs. Expense

Contractor Bookkeeping

Are you doing large projects requiring a schedule of values related to percentage of completion and change order management with progress invoicing and payment applications? Are you getting job deposits? Is there retention being withheld and are you withholding retention? Are there any back charge issues to be tracked?

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Xero To QuickBooks Conversion

Contractor Bookkeeping

QuickBooks Works Best If You: Take Job Deposits. Have Change Orders. Periodic Invoices For Bank draws. Xero Works Best If You: Have Simple Jobs With One Invoice. Work In Progress (WIP) Reporting. Profit & Loss statement anytime YOU want it! Issue Multiple Invoices. Need Job Costing Reports.