Unique Contractor Bookkeeping Problems Regarding Accounts Payable

Contractor Bookkeeping

Common Issues With Accounts Payable. It is easy to put transactions in Accounts Payable (A/P) Aging Summary, and them forget about them. When writing a check from the checking QuickBooks does not automatically go look to see if you put something in Accounts Payable.

Construction Accounting Software Selection is Strategic

Carol Hagen

Is this Your Construction Accounting Software Selection Process? Choosing a Construction Accounting Software Solution can be a daunting task. Construction Accounting systems are key to operations with integrated project management.

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Hot New Construction Accounting Services At Fast Easy Accounting

Contractor Bookkeeping

New Services For Contractors At Fast Easy Accounting. Fast Easy Accounting must adapt to the needs of our Clients in a world that is mobile. With the addition of Fast Easy Accounting Store, we have helped Construction Contractors outside of the US. QuickBooks and Xero Customized Setup, Chart of Accounts, Items Lists – We Can Help A Little or A Lot depending on your needs.

Construction Accounting Secrets For New Contractors

Contractor Bookkeeping

Construction Accounting Basics For Construction Contractors. Construction Accounting is not a natural mindset for Construction Contractors. Construction Accounting has own language. Regular Accounting the language is Income Minus Expenses Equals Net Profit. Construction Accounting is Income Minus Cost of Goods Minus Overhead Equals Net Profit. Outsourced Accounting Assisted Do-It-Yourself Contractor Bookkeeping

3 Reasons to Change Your Construction Accounting Software

John Chaney

Throughout the year, I talk to a lot of construction business owners and accounting staff who are considering a change in their construction accounting software.

Secret To Highly Profitable Contractor Is The Construction Accountant

Contractor Bookkeeping

Contractors Need Help Understanding Role of Accountants. Contractors should have two primary accountants. One is the Tax Accountant the other is your Construction Accountant. Tax Accountant who does the Annual tax return for your business and your personal tax return. Construction Accountant Who Listens Tax Accountants

Contractor Accounting Vs. Regular Accounting

Contractor Bookkeeping

All Accounting Methods Share The Same Accounting Equations. Regular Accounting - Is roughly 80% of all accounting and Accounting for businesses in the world. Regular Accounting Has These Things In Common: Sales - With 1-4 categories.

The Family Handyman DIY University Contractor Accounting Basics

Contractor Bookkeeping

Are You Struggling With Your Contractor Accounting? Would You Like Learn Construction Accounting Basics From. The Contractors Accountant At A Fraction Of The Cost? Are You A Handyman, Trade Contractor Or Another Type Of Contractor? The Family Handyman DIY University

Pay yourself, profit account first

Constructor Magazine

For too many contractors, profit is something they take out of the business when they sell it. It should be one of the first things that contractors get

New accounting standards affect leased vehicles

Constructor Magazine

Both the International Accounting Standards Board (IASB) and the Financial Standards Accounting Board (FASB) have recently issued new accounting standards related to lease assets

IASB 62

Is Your Accounting Software Update Worth The Cost?

Contractor Bookkeeping

Managing Editor For Find Accounting Software. Accounting Software for construction Accounting Software for Contractors Accounting Software Today's Guest Article Is From Adam Bluemner. Nobody wants to pay extra for a service they buy.

Is Your Accounting Software Update Worth The Cost?

Contractor Bookkeeping

Find Accounting Software - findaccountingsoftware.com‎. Accounting Software for construction Accounting Software for Contractors Accounting Software Today's Guest Article Is From Russ Davidson From. Nobody wants to pay extra for a service they buy. The premise behind signing up for support and software version updates is pretty clear. You spend a bit extra up front to protect your investment and to prevent even bigger costs down the road. But is it all worth it?

Why Construction Accountant Is The Best Bookkeeper For Your Construction Company

Contractor Bookkeeping

This is true whether you are talking about general bookkeeping, tax accountants, your mechanic, your doctor or other business professionals. Contractor Bookkeeping Services Construction AccountingExperts Have Increased Knowledge And Skills.

Seven Deadly Construction Accounting Mistakes Kill Profit And Growth

Contractor Bookkeeping

"Early To Bed, Early To Rise, Know Your Numbers And Advertise".

Volvo CE Taps McCall for VP of Key Accounts

Construction Equipment

Volvo Construction Equipment (Volvo CE) has appointed Stephanie McCall to a new role as vice president, key accounts. In her new role, she will be responsible for the entire key account initiative in the Americas region

Unique High-Profit Contractors Need Value From Accounting Software

Contractor Bookkeeping

Accounting Software for ContractorsPrice And Value. VS. A Cheap Price does not always give you the “biggest bang for the buck” as the saying goes (author unknown). One of the reasons that we all like unit pricing in the grocery store is that it helps us determine which is the best value when deciding between sizes and between the store brands. Take for example ice cream. There are several main types: Labeled as Non-Fat, Low Fat, Reduced Fat, Sugar-Free, Creamy, Deluxe, Premium.

The Right Construction Accounting Solution For Your Company

Contractor Bookkeeping

Choosing From Many Construction Accounting Solutions Available. Finding a solution that will do “All I Need It To Do” This is the challenge for Construction Contractors. One of the most basics is pad and paper. Write out your proposals on a piece of paper and give it to your client when presenting a Bid, Estimate, List of Material, Invoice, Receipt For Payment. It is Simple, and it works. I remember the 13 Column Pad and a good calculator with paper tape.

C.P.A. Accounting Vs. P.M.P. Construction Accounting

Contractor Bookkeeping

Project Management Construction Accounting Professionals (PMP) work above the line focused on generating positive outcomes and results for contractors: Increase Sales. A quick review of the differences between tax accounting and management accounting would clear up any confusion.

Make Project Team Leaders Accountable and Responsible for Results

Green Industry Professionals

Project team leaders need to know what results are expected and who is accountable for them to be successful

Job Costing Accounting Vs. Regular Accounting

Contractor Bookkeeping

There is some confusion about the differences between job costing accounting and regular accounting which leads some contractors to believe they can get what they need from any bookkeeper and the cheaper the better. Two Basic Types Of Accounting. #1

Contractor Vs. Tax Accountant View Of Financials

Contractor Bookkeeping

Contractors View Of The Numbers And Tax Accountants View Are Totally Different When Tax Accountants Review The Financial Statements The Year Has Ended. The Tax Accountant’s Role Is To Review The Previous Year Financial History based on the information provided create and file the Annual Federal Tax Return, Annual State Tax Return, and other Local or Payroll Returns.

Construction Accounting: Always Measure Twice

Construction Business Owner

One of the most important, and often misunderstood, aspects of construction accounting is the relationship between work in progress (WIP) and the recognition of revenue.

Audits Aren’t Only for Accounting

Construction Business Owner

They use their CPAs to examine financial transactions and statements to present an accurate account of the company’s financial business transactions. HR audits present an accurate account of the company’s compliance with federal and state labor and employment laws and regulations

Enhanced Accounting Methods Add Value

Construction Business Owner

During the economic downturn, demand for construction plummeted, forcing contractors to face a new normal. Contractors were expected to maintain a high level of service at break-even or loss margins.

Contractors Begin Year With New Accounting Standard

ENR Construction

The changes come with new complications that require more specificity

Your Contractor Champion Advocate At Fast Easy Accounting

Contractor Bookkeeping

Contractor Champions At Fast Easy Accounting. Contractor Champions at Fast Easy Accounting are like concierges at a five star hotel. You get all the services at a fraction of the cost. Outsourced Contractors Bookkeeping Services Contractor Champion

How To Add Your Accountant To QuickBooks Online Accounting Software

Contractor Bookkeeping

This Article Shows You How To Setup Accountant Access To Your Quickbooks Online Accounting Software. The short video below shows step by step how it is done. If you need further assistance please contact Sharie 206-361-3950 or email sharie@fasteasyaccounting.com.

Indoor Marijuana Growing Accounts for Over 1% of all Electric Consumption in the U.S.

Green Building Law Update

Indoor marijuana growing operations accounted for over 1% of all electric consumption in the U.S., In California, marijuana production accounted for about 3% of electric use, according to the study.

The Difference Between Success & Failure in Accounting

Construction Business Owner

Today’s volatile construction industry, dominated by demanding owners, labor shortages, increasing competition and shrinking profitability, leaves many contractors wondering “How can we survive amidst growing risk and uncertainty?” To combat the instability, contractors must apply an analytical lens to manage their businesses and ensure long-term viability

Why Contractors Need High Tech Construction Accounting Solutions

Contractor Bookkeeping

High Technology Construction Accounting Offices Are No Longer A Luxury. They Are Standard Operating Procedure Just To Keep Up With Your Competitors. High technology office environments are now as important as the Smartphone and tablet were several years ago.

What a LinkedIn Premium Account Offers

Carol Hagen

The most frequently asked question in my social media consulting business focused on construction and B2B is “Should I pay for a premium LinkedIn account?” ” Well you can decide for yourself with this video, the LinkedIn premium account welcome overview: So now that you know what you get, I am interested in hearing from you about your successes with these features, particularly openlink.

How to Effectively Maintain Your Third-Party Auditor Account

The Safety Blog

Keeping your third-party auditor account maintained is crucial to remaining eligible to work with these important Owner Operator companies. So, how can a company most effectively maintain these accounts? Consistent monitoring of your account is the backbone of effective maintenance.

Online Exclusive: Accounting basics for small contractors

Constructor Magazine

This is the first article in Michael Bohinc’s Accounting Basics online series. BY MICHAEL BOHINC, CPA. According to a 2012 University of Tennessee research report on business startups, the construction industry has one of the highest failure rates of all industries.

Nicola Cairncross Interviews Randal DeHart, Construction Accountant

Contractor Bookkeeping

Please be sure to let Nicola Cairncross know Randal DeHart, The Contractors Accountant, recommended you. Construction accounting is not rocket science; it is a lot harder than that and a lot more valuable to people like you so stop missing out!

House Builders Want Unique Construction Accounting

Contractor Bookkeeping

Builder Accounting begins with a proper QuickBooks setup For Spec Home Builders. Understand to get good, usable information out of any accounting system that they need to be an active participant and code the paperwork. Continue Outsourced Accounting And Bookkeeping.

Xero Accounting Advisor Setup Step-By-Step

Contractor Bookkeeping

Xero Accounting Add Advisor. Step-By-Step Video T o Add Your Xero Accounting Advisor. Xero accounting software is very user friendly; however, like any accounting software it is a tool based upon a whole lot of accounting rules, regulations and principles.

Haberberger adds project, accounts payable managers

Constructor Magazine

Ben Haberberger, who represents the fourth generation in the mechanical contracting firm, is a plumbing project manager/estimator

A Contractor’s Guide to Hiring an Accountant

Construction Business Owner

If you are a general contractor, the odds are you will require the services of an outside accountant from time to time. At first glance, it can be difficult to tell the difference between the certified public accountants (CPAs) out there. They list the same services, have the same credentials and they all claim to work with companies like yours. But do they all deliver the same value? Is one CPA as good as the next?

QuickBooks Vs. Xero Accounting Online For Construction

Contractor Bookkeeping

QuickBooks or Xero Accounting Online for construction depends on how you get paid, the type of work your company does and if you need Job Costing. Need Complex Construction Accounting Reports. Xero Accounting Online Works Best If You: Need To Get Paid Faster And Easier.

The Value of Real-Time Accounting Data

Construction Business Owner

The value of real-time accounting data hinges on information that is automated, up-to-date and readily available any time a member of the team needs to access it.