Remove Debt Remove Estimating Remove Insurance Remove Overhead
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A Cash Flow Guide for Architects

Levelset

Where direct labor is the percentage of salaries that are spent on billable work (rather than overhead time). If the total cost of running the business is $200,000 (including salary, rent, insurance, etc.), Another way to structure your pricing is as a percentage of total estimated construction costs for the project.

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10 Contract Terms for Higher Profitability

PSMJ Resources

Receiving money up front, depositing it, and not crediting it to the client until the last invoice has been submitted allows you to avoid a bad debt, and earns maximum interest on the deposit. In addition to normal reimbursables, ask for reimbursement for items such as liability insurance premiums, computer time, and messenger services.

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Construction Bookkeeping Unique Features

Contractor Bookkeeping

Expenses - Overhead required to maintain business operations. Expenses - Overhead is extremely complex because some expenses in regular Accounting are actually Cost of Goods Sold in construction accounting. Chart of Accounts Bad Debts. Chart of Accounts Bad Debts. Chart of Accounts Insurance Health And Dental.

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Contractors Are Renting Rather Than Buying More Equipment.

ENR Construction

Equipment rentals allow contractors to shift downtime risk while trimming expenses, including licensing, insurance, taxes and debt, among others. rental business grew an estimated 18.6% The recession prompted many contractors to thin their fleets in order to lower overhead and generate cash. Southwest region. "We

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Contractor's Secretary Does Everything Including Bookkeeping!

Contractor Bookkeeping

Some Contractors Hire Part Time Secretaries to do everything including construction bookkeeping and then wonder why their company debts keep growing and crushing them. Following up to be sure a written estimate has been sent to every customer. Process payroll and include reimbursements, health insurance, loans and garnishments.

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Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

Chart of Accounts Bad Debts. Chart of Accounts Insurance Builders Risk. Chart of Accounts Insurance Vehicles. Chart of Accounts Insurance Liability. Chart of Accounts Insurance Health And Dental. Chart of Accounts Estimates. Insurance Audit Reporting. Chart of Accounts Intercompany Transfers.

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A Primer on MasterFormat & Improving Construction Project Collaboration

Building Information Management

00 43 26 Estimated Quantities Form. 00 62 16 Certificate of Insurance Form. Affidavit of Payment of Debts and Claims Form. 00 73 16 Insurance Requirements. 00 62 16 Certificate of Insurance Form. Affidavit of Payment of Debts and Claims Form. 00 73 16 Insurance Requirements. Requirements. Accessories.