Construction Business Owner

OCTOBER 14, 2011

ACCOUNTING |. Accounting & Finance. Some Advice on Change Orders » A Change (Order) for the Better? When clients ask me about change orders, I’m reminded of a well-circulated photo. The yacht is named “Change Order.” STRATEGY |. MANAGEMENT |. SOFTWARE |.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

MARCH 6, 2011

ACCOUNTING |. Accounting & Finance. I just finished reading Steven Rattner’s book, Overhaul – An insider’s account of the emergency rescue of the automakers. Mr. Rattner discussed the stress tests given by the Treasury Department to large banks that were receiving TARP funds. Tags accounting.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

MARCH 9, 2013

Tracking change orders in QuickBooks for Contractors for each job. Double checking to make sure the contractor gets paid for all change orders. Maintain and update vendor list with contact information, account numbers and terms. Enter banking transfers between checking and savings accounts.

Contractors 48

Contractors Cash Flow Banking Change Orders 48

Contractor Bookkeeping

JULY 28, 2014

Change Orders and Related Payments. Project Baseline, Changes and Payments To Report? Change Orders and Related Payments. Project Baseline, Changes and Payments To Report? When a construction project grows beyond two invoices, and you add job deposits and change orders the process gets real tricky.

Contractors 48

Contractors Change Orders Accounting Cash Flow 48

Construction Business Owner

FEBRUARY 23, 2012

ACCOUNTING |. Accounting & Finance. Anyone working in accounting or human resources has access to immense amounts of personal data. For example, banks and other financial institutions put in stronger measures than many other industries. Tags accounting. accounting software. change orders.

Security 120

Security Construction Software Software 120

Contractor Bookkeeping

MARCH 25, 2014

Also, a professional producer will be able to introduce you to other professionals and consultants, such as accountants and attorneys who can help grow your business. By far, the most important thing you can do in preparing these financial statements is to use an accountant which has specific construction-industry experience.

Cash Flow 52

Cash Flow Accounting Profitability Work in Progress 52

Contractor Bookkeeping

NOVEMBER 3, 2012

The problem is high profit jobs have a way of turning into low or no profit jobs and in some cases they can bankrupt your construction company because you bid the project using whatever model you are accustomed to using and in the end you wind up with cash flow problems. Residential Remodel Contractor Building A Home. The Solution.

Profitability 48

Profitability Bankruptcy Contractors Remodeling 48

Construction Business Owner

MARCH 29, 2012

ACCOUNTING |. Accounting & Finance. Does an electrical raceway run through a duct bank? Tags accounting. accounting software. change orders. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology.

Construction 120

Construction BIM Software Software 120

Construction Business Owner

FEBRUARY 23, 2012

ACCOUNTING |. Accounting & Finance. For example, I have a mobile banking app on my smartphone. With it, I can check my balance, see transactions, and transfer money, but I can’t apply for a loan on my phone like I can on the bank’s website. Tags accounting. accounting software. change orders.

Software 120

Software Software Construction Mobility 120

Contractor Bookkeeping

OCTOBER 4, 2013

Go to your bank and ask to speak with the commercial banker. Every bank has one and they can be one of your most powerful allies and mentors. The really good news they are on the banks payroll. How can you and the bank help me run my business more profitably?

Profitability 48

Profitability Construction Accounting Cash Flow 48

Contractor Bookkeeping

AUGUST 30, 2013

Sometimes their investment advisors and bankers find it hard to believe they are generating such unusually high profit margins and yet the numbers speak for themselves and the bankers can verify business banking activity. Change Order Management. Job Material Inventory Costs. Supply Chain Management Costs. Job Scheduling.

Profitability 48

Profitability Contractors Accounting Cash Flow 48

Contractor Bookkeeping

JUNE 20, 2014

Go To Your Bank - And they offer you a line of credit. Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Bank Accounts - Set up two bank accounts in your company name. It is a must have to borrow money from a bank. You say O.K. You say O.K.

Insurance 48

Insurance Construction Accounting Claims 48

Construction Business Owner

JUNE 8, 2011

ACCOUNTING |. Accounting & Finance. The trouble is that banks often don’t have the capital cushion to foreclose on large properties and take the hit against their lending limit. Tags accounting. accounting software. change orders. Construction Accounting Software. STRATEGY |. MANAGEMENT |.

Construction 120

Construction Software Software Equity 120

Contractor Bookkeeping

JANUARY 2, 2015

Did You Go To Your Bank - And they offered to give you a line of credit. Did You Use Your Personal Credit Cards - And supplier accounts to finance your new business and perhaps you were not careful about what you bought? Bank Accounts - Set up two bank accounts in your company name. You say O.K. You say O.K.

Construction 48

Construction Insurance Accounting Claims 48

Construction Business Owner

MAY 11, 2011

ACCOUNTING |. Accounting & Finance. The trouble is that banks often don’t have the capital cushion to foreclose on large properties and take the hit against their lending limit. Tags accounting. accounting software. change orders. Construction Accounting Software. STRATEGY |. MANAGEMENT |.

Construction 120

Construction Software Software Equity 120

Contractor Bookkeeping

JULY 18, 2012

Custom Home Builders - Need people trained in construction bookkeeping who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. Custom Home Building - Is similar to other construction accounting because the custom home builder accumulates costs in the Cost of Goods area of QuickBooks.

Cash Flow 48

Cash Flow Remodeling Profitability Banking 48

Contractor Bookkeeping

MARCH 13, 2014

Six keys helped us out perform other contractors in terms of cash flow and profit year after year regardless of the economic conditions: I was raised in a construction family. I majored in Accounting in the first of several Universities I have attended. Subsequently I have become a perpetual student of Construction Accounting.

Accounting 48

Accounting Construction Contractors Profitability 48

Contractor Bookkeeping

JUNE 15, 2012

Go To Your Bank - And they offer you a line of credit. Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Bank Accounts - Set up two bank accounts in your company name. It is a must have to borrow money from a bank. You say O.K. You say O.K.

Contractors 48

Contractors Insurance Claims Lien 48