article thumbnail

Bad Bookkeeping Causes Contractors To Distrust Good Bookkeepers

Contractor Bookkeeping

For instance Washington State Department of Labor and Industries identifies all contractors'' status with one of the following: Construction Contractors Are Adaptable , they have an overriding goal to provide a good life for their family so they will adapt, change and do what’s necessary. New, remodel or service and repair.

article thumbnail

The Most Important Employee In Your Construction Company Is You!

Contractor Bookkeeping

I’m hoping you had “A Lot” and a high net income as that is the purpose of being in business for yourself. As A Sole Proprietor All Your Net Income Is Subject To Payroll Tax! This is also the most common numbers used for reporting to Department of Revenue, State Income Tax and IRS Returns. What is the focus of your business?

Income 49
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

You Are The Most Important Employee In Your Construction Company

Contractor Bookkeeping

I’m hoping you had “A Lot” and a high net income as that is the purpose of being in business for yourself. As A Sole Proprietor All Your Net Income Is Subject To Payroll Tax! This is also the most common numbers used for reporting to Department of Revenue, State Income Tax and IRS Returns. What is the focus of your business?

Income 48
article thumbnail

Huge Construction Company Profit Increases Are From Tiny Changes

Contractor Bookkeeping

Contractors and other business owners have come from a local level (Washington State), national level (across the USA), and internationally including Canada, Australia, UK, India, South Africa and many other countries around the world. We would like to think of everyone who visits the Fast Easy Accounting website as a friend.

article thumbnail

Choosing QuickBooks Version For Your Contracting Company

Contractor Bookkeeping

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. Do you remodel existing homes and commercial spaces?

article thumbnail

Contractor Leads Profitable Vs. Not-Profitable

Contractor Bookkeeping

As a contractor I have experienced hundreds of "Retired Living On A Fixed Income" people who know exactly how to get more and pay less. Fill in the blank with what you do, remodeling, plumbing, electrical, etc. About The Author: Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington.

article thumbnail

QuickBooks Online Converted To QuickBooks Contractors Desktop Online

Contractor Bookkeeping

The Screenshots Below Were Taken In Our Lynnwood Washington Office. Breakeven - Is fairly easy to calculate because there is a direct relationship between income and expenses on every item. Example #1 - The contractor asks the bookkeeper "How much money did we make on the John and Mary Doe house remodel?"