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Latest Trend, Bookkeeper Works For Contractor That Goes Bankrupt

Contractor Bookkeeping

If your bookkeeper is an employee and they have no equity interest in your company they do not have the same concern about your construction company''s cash flow and bottom line profit that you do because when it fails they can blame you for "Not knowing how to run a business" and go wreak havoc elsewhere. Visit [link] to learn more.

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Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

The Balance Sheet is the summary report which shows all of the assets minus the liabilities which equals the "Book Value" or owner''s equity. Owner’s equity is in theory what would be left over if you liquidated the company, sold the assets and paid all of the debts or liabilities. Service Agreements Place On The Financial Reports.

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QuickBooks Online Converted To QuickBooks Contractors Desktop Online

Contractor Bookkeeping

The Screenshots Below Were Taken In Our Lynnwood Washington Office. Business Owners - Need three basic reports, Cash, Profit and Equity. Assets - Liabilities) = Equity. -. Expenses - Overhead required to maintain business operations. In this case some overhead costs were classified as direct costs and assigned to the job.

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Contractors Use Google Earth Like A Giant Stanley Tape Measure

Contractor Bookkeeping

an hour plus overhead. For Our Financial Analyst , financial manager and economist and statistician friends reading this I know what you are thinking: What about the Present Value? How will it affect the debt to equity ratio? What about discount rates? What about the opportunity costs? What about borrowing costs?

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Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

Business Owners - Need three basic reports, Cash, Profit and Equity. Assets - Liabilities) = Equity. -. 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.

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Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

Our internal research shows a properly run construction company with annual sales between $500,000 and $5,000,000 can generate as much or more cash, profit and equity than most construction companies with annual sales between $5,000,000 and $10,000,000. Visit [link] to learn more. Edward Deming, Michael Gerber, Walter A.