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

Contractor Bookkeeping

AUGUST 1, 2014

I was hired to help out in accounting but ended up being the purchasing agent at 22 years old for a company with 75 employees doing about 18 to 25 million in annual revenue. Money became our master, we did some big work with a ton of change orders and were paid barely 50% of them so winners became losers. Words of Wisdom.

Contractors 56

Contractors Accounting Income US 56

Contractor Bookkeeping

AUGUST 1, 2014

I was hired to help out in accounting but ended up being the purchasing agent at 22 years old for a company with 75 employees doing about 18 to 25 million in annual revenue. Money became our master, we did some big work with a ton of change orders and were paid barely 50% of them so winners became losers. Words of Wisdom.

Contractors 48

Contractors Accounting Income US 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. Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. Let us take care of your accounting.

Contractors 48

Contractors Insurance Claims Lien 48

Contractor Bookkeeping

FEBRUARY 14, 2014

The first step in Best Practices is "M" for "Marketing" then "A" for "Accounting" followed by ""P" for "Production". Who will service my account? What construction accounting software do you support? Why don''t you support other accounting software? Xero Accounting Online For Contractors Questions. & P.A.M.".

FAQ 49

FAQ Contractors Accounting Security 49

Contractor Bookkeeping

MARCH 13, 2014

I majored in Accounting in the first of several Universities I have attended. Subsequently I have become a perpetual student of Construction Accounting. We understood the difference between Regular Accounting and Construction Accounting. Tax accountants make horrible construction accountants.

Accounting 48

Accounting Construction Contractors Profitability 48

Contractor Bookkeeping

MAY 28, 2013

Very quickly John realized he had gone from one bad experience to another because the custom home building environment was all about change-change-change. As soon as a wall was up or a floor was sheeted the home owner would want to change something.

Contractors 48

Contractors Negotiation Banking Accounting 48

ProcurementExpress.com

JULY 15, 2019

There’s a lot to be said about the impact automation can have on processes like accounts payable, procurement, and more. Think about it this way: bringing your purchasing process into the cloud means you can check incoming orders against pending ones, cutting back on duplicates that hurt your bottom line. Embrace Automation.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

ProcurementExpress.com

JULY 15, 2019

There’s a lot to be said about the impact automation can have on processes like accounts payable, procurement , and more. Think about it this way: bringing your purchasing process into the cloud means you can check incoming orders against pending ones, cutting back on duplicates that hurt your bottom line. Embrace Automation.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Contractor Bookkeeping

MAY 31, 2013

Would it be helpful to know more information than just how much and when the checks cleared the bank? Back In The “Old Days” a set of scales was used – one side for income and other for expenses. There are accounting systems that deal with both quantity and quality. I can download from the banks"…."I It’s cheap!"…."I

Contractors 48

Contractors Accounting Change Orders Software 48

Contractor Bookkeeping

MAY 31, 2013

Would it be helpful to know more information than just how much and when the checks cleared the bank? Back In The “Old Days” a set of scales was used – one side for income and other for expenses. There are accounting systems that deal with both quantity and quality. I can download from the banks"…."I It’s cheap!"…."I

Contractors 48

Contractors Accounting Change Orders Software 48

Contractor Bookkeeping

MAY 13, 2013

All Expenses And Costs Recorded In Chart of Accounts, Not Items. All Work In Process Recorded in Chart of Accounts, Not Items. Insurance Audit Support (Business Consulting And Accounting Office). Bank Reconciliations. Schedule of Values - Spec Homes With Bank Draws. Other Income Tracking. Petty Cash.

Contractors 48

Contractors Leases Schedule Banking 48

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

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