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The Right Accounting Software Can Increase Your Profits

Contractor Bookkeeping

Most construction business owners who use accounting software quickly master the basics. What three reports do you need for your construction business? #1 They automate processes like invoicing and payroll, track expenses, and view real-time financial reports to manage cash flow and make better business decisions.

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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Construction projects rely on contractors completing the work they started and meeting the design intent. In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor.

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Setting Up the Chart of Accounts: QuickBooks for Contractors

Levelset

The Chart of Accounts is the heart of every contractor’s accounting system , whether you’re using QuickBooks or any other construction accounting software. In this article, we’ll explain how a contractor’s Chart of Accounts should be set up in QuickBooks , with a free customizable template for construction. .

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What Happened at the 2017 CFMA Conference?

Construction Business Owner

The Construction Financial Management Association (CFMA) is dedicated to serving the educational needs of construction financial professionals. Established in 1981, CFMA now has more than 7,800 members in 95 chapters throughout the United States and Canada.

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Annual Tax Return Pointers For Construction Contractors

Contractor Bookkeeping

Tip number one for construction company owners is to update financials every month, using a streamlined software or cloud-based system. Second - The Profit And Loss Balance Sheet is what Tax Accountants use. They are referred to and reviewed over and over by banks and others.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. Software & Technology. Accounting & Finance. Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Building your case beforehand can certainly help and makes you look better in the eyes of the bank.

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What Is Xero Accounting Software And Why Are We Offering It?

Contractor Bookkeeping

What Is Xero Accounting Software? Xero Is An Established Leader In Accounting Software having been around since July 2006 and has quickly grown to over 200,000 users. And they have made obsolete some of the less useful online software which was built as a lite version of their desktop counterparts like QuickBooks Online.