Construction Business Owner

JUNE 1, 2022

It is time for contractors to get serious about the new accounting lease standard. It is time for contractors to get serious about the FASB ASU 2016?02 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). Determine how to account for each lease.

Leases 177

Leases FASB Accounting Finance 177

Contractor Bookkeeping

OCTOBER 23, 2020

Picking a Get-Me-By Contractor's Bookkeeping Solution in many cases is using an Excel Spreadsheet and a shoebox, file folders all dumped into a file box and looking at the Online Banking once in a while. This accounting method is the "I still got money, so I must be okay.".

Cash Flow 73

Cash Flow Contractors Banking Accounting 73

Contractor Bookkeeping

MAY 17, 2013

All Accounting Methods Share The Same Accounting Equations. Bank Balance - Un-cleared Checks) = Cash. Regular Accounting - Is roughly 80% of all accounting and Accounting for businesses in the world. Regular Accounting - Is roughly 80% of all accounting and Accounting for businesses in the world.

Accounting 48

Accounting Contractors Profitability Overhead 48

Contractor Bookkeeping

JUNE 9, 2017

Almost every Contractor understands how to do basic repairs and remodels on a house. Your Construction Accounting System started small and easy. Perhaps you tracked everything with bank statements and Excel sheets and it worked fine for a while. As the project grows it gets a little more complicated. Building a Deck?

Accounting 48

Accounting Cash Flow Remodeling Contractors 48

Contractor Bookkeeping

MAY 31, 2019

Proper construction accounting is all about the details. All transactions in the bank account of your construction accounting system no matter if it is QuickBooks or Xero, must be assigned to the proper accounts: Income. The answers you need to operate and grow your company are in reports.

Accounting 58

Accounting Profitability Overhead Banking 58

Contractor Bookkeeping

FEBRUARY 26, 2021

You press a few keys on your keyboard thinking you are going to get the results you want, accurate bank balances, a report showing who owes you money and whom you owe money to, a Profit and Loss Report and Balance Sheet Report you can understand and if all goes well perhaps even some Job Costing Reports.

Contractors 77

Contractors Banking Profitability Resource 77

Construction Enquirer

JUNE 18, 2023

Empire Property Concepts Ltd changed its name to MCIOD Limited days before Metro Bank called in the administrators. The Opus report said: “Prior to administration it was understood that the company had 35 members of staff or contractors. It adds that Empire is a trading name of Empire Properties Concepts Limited.

Banking 100

Banking Debt Residential Metro 100

Contractor Bookkeeping

DECEMBER 3, 2013

That day is now with Xero accounting online! If this describes you then perhaps Xero accounting online is a better fit for you than Microsoft Money. We offer both Xero and QuickBooks bookkeeping services for construction contractors and have found the dividing line is how you get paid. Periodic Invoices For Bank draws.

Accounting 48

Accounting Contractors Banking Project Management 48

Contractor Bookkeeping

MARCH 6, 2020

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. This way, come tax time, everything you need is all in one place. The numbers on these reports offer a summary snapshot of your business.

Contractors 67

Contractors Banking Accounting Construction 67

Contractor Bookkeeping

JUNE 5, 2020

Some contractors think managing cash flow means keeping track of how much money enters and leaves their business, but there's actually more that goes into it. Contractors and sub-contractors know there is more to profits than what is shown above, and most of you rely on your "gut feel" to see when the project has made a profit or not.

Cash Flow 68

Cash Flow Forecasting Contractors Profitability 68

Construction Business Owner

JULY 10, 2017

Membership in CFMA is represented by all types of general contractors, specialty trades and construction managers, with a large number of professionals in the accounting, insurance, surety, software, legal and banking industries.

CFMA 136

CFMA Conference United States Banking 136

Contractor Bookkeeping

JANUARY 18, 2013

Many people already go to their bank, move money, pay bills, pay for services. Banks have added the technology where you can stop going to the bank altogether, with the bank’s app., you can snap a picture of the check and deposit into your account from your customers location.

Accounting 55

Accounting Contractors Banking Office 55

Contractor Bookkeeping

JANUARY 18, 2013

Many people already go to their bank, move money, pay bills, pay for services. Banks have added the technology where you can stop going to the bank altogether, with the bank’s app., you can snap a picture of the check and deposit into your account from your customers location.

Accounting 48

Accounting Contractors Banking Office 48

Contractor Bookkeeping

JULY 19, 2019

If you have employees, you may notice in some similarities to raising children because in some cases you the contractor take over where your employee's parents left off. They want their paychecks (allowance) on a regular basis, and it had better not bounce at the bank due to insufficient funds.

Contractors 49

Contractors Banking Accounting Equipment 49

Contractor Bookkeeping

AUGUST 6, 2019

Many people already go to their bank, move money, pay bills, and pay for services. Banks have added the technology where you can stop going to the bank altogether, with the bank's app, you can now snap a picture of the check and deposit into your account from your customer's location.

Banking 49

Banking Contractors Accounting Mobility 49

Contractor Bookkeeping

APRIL 1, 2014

We Are Construction Accountants. We show you how to remove unique cash flow bottlenecks which are common in contractors bookkeeping, that results in more money in the bank, reduced overhead and lowers their stress level. The typical contractor is like a cowboy. Our Contractor Bookkeeping Services System Is A System.

Accounting 48

Accounting Contractors Project Management Cash Flow 48

Contractor Bookkeeping

MAY 24, 2019

Construction companies need short-term liquid working capital such as cash, lines of credits, loans, owner financing, credit cards, supplier accounts, and other forms of money to conduct daily operations. What often happens is that contractors hate paperwork preferring to keep everything in their head.

Contractors 52

Contractors Profitability Banking Change Orders 52

Contractor Magazine

JANUARY 27, 2014

Previously, we addressed a question posed by a number of contractors on message boards regarding the difference between profits and cash. Specifically, “my income statement shows $50,000 but I don’t have $50,000 in my bank account. BY MICHAEL BOHINC, CPA. Where did the money go?”

Cash Flow 46

Cash Flow Accounting Contractors Banking 46

Contractor Bookkeeping

NOVEMBER 25, 2013

Quicken To Xero Accounting Online Conversion. That day is now with Xero accounting online! If this describes you then perhaps Xero accounting online is a better fit for you than Quicken. We offer both Xero and QuickBooks bookkeeping services for construction contractors and have found the dividing line is how you get paid.

Accounting 48

Accounting Banking Project Management Contractors 48

Contractor Bookkeeping

OCTOBER 7, 2013

Online bookkeeping has several advantages: 24/7 Access to your accounting data. You do not own your accounting information which means as long as you are in their good graces you are O.K. 02 Qualified Accounting firm To Act As Liaison. If You Have Tried QuickBooks Online And Are Not Satisfied Perhaps We Can Help.

Accounting 48

Accounting Contractors Documentation Profitability 48

Contractor Bookkeeping

OCTOBER 30, 2013

We Can Move Your QuickBooks Online To Xero Accounting! We can move everything from inside QuickBooks Online into Xero accounting and set it up for contractor use and provide you with easy online access. Periodic Invoices For Bank draws. Need Complex Construction Accounting Reports. Set up your Chart of Accounts.

Accounting 49

Accounting Banking Project Management Software 49

Contractor Bookkeeping

NOVEMBER 25, 2013

QuickBooks Enterprise To Xero Accounting Online Conversion. QuickBooks Enterprise is a great program for construction contractors doing over $10,000,000 a year in construction work but it may not address your company''s needs well because it is too complex. That day is now with Xero accounting online! Need Payment Applications.

Accounting 48

Accounting Banking Project Management Contractors 48

Contractor Bookkeeping

NOVEMBER 7, 2013

That day is now with Xero accounting online! If this describes you then perhaps Xero accounting online is a better fit for you than Wave accounting. If this describes you then perhaps Xero accounting online is a better fit for you than Wave accounting. Periodic Invoices For Bank draws. Have Change Orders.

Accounting 48

Accounting Banking Construction Project Management 48

Contractor Bookkeeping

NOVEMBER 7, 2013

That day is now with Xero accounting online! If this describes you then perhaps Xero accounting online is a better fit for you than Peachtree. We offer both Xero and QuickBooks bookkeeping services for construction contractors and have found the dividing line is how you get paid. Periodic Invoices For Bank draws.

Accounting 48

Accounting Banking Construction Project Management 48

Contractor Bookkeeping

NOVEMBER 6, 2013

That day is now with Xero accounting online! If this describes you then perhaps Xero accounting online is a better fit for you than FreshBooks. We offer both Xero and QuickBooks bookkeeping services for construction contractors and have found the dividing line is how you get paid. Periodic Invoices For Bank draws.

Accounting 48

Accounting Banking Construction Project Management 48

Contractor Bookkeeping

NOVEMBER 6, 2013

That day is now with Xero accounting online! We offer both Xero and QuickBooks bookkeeping services for construction contractors and have found the dividing line is how you get paid. Periodic Invoices For Bank draws. Need Complex Construction Accounting Reports. Xero Accounting Online Conversion. Weekly reporting.

Accounting 48

Accounting Banking Construction Project Management 48

Contractor Bookkeeping

NOVEMBER 7, 2013

That day is now with Xero accounting online! If this describes you then perhaps Xero accounting online is a better fit for you than Wave accounting. If this describes you then perhaps Xero accounting online is a better fit for you than Wave accounting. Periodic Invoices For Bank draws. Have Change Orders.

Accounting 48

Accounting Banking Construction Project Management 48

Contractor Bookkeeping

NOVEMBER 7, 2013

That day is now with Xero accounting online! If this describes you then perhaps Xero accounting online is a better fit for you than Peachtree. We offer both Xero and QuickBooks bookkeeping services for construction contractors and have found the dividing line is how you get paid. Periodic Invoices For Bank draws.

Accounting 48

Accounting Banking Construction Project Management 48

Contractor Bookkeeping

NOVEMBER 1, 2013

That day is now with Xero accounting online! We offer both Xero and QuickBooks bookkeeping services for construction contractors and have found the dividing line is how you get paid. Periodic Invoices For Bank draws. Need Complex Construction Accounting Reports. Xero Accounting Online Conversion. Weekly reporting.

Accounting 48

Accounting Banking Construction Project Management 48

Contractor Bookkeeping

NOVEMBER 25, 2013

That day is now with Xero accounting online! If this describes you then perhaps Xero accounting online is a better fit for you than Quicken For Mac. We offer both Xero and QuickBooks bookkeeping services for construction contractors and have found the dividing line is how you get paid. Periodic Invoices For Bank draws.

Accounting 48

Accounting Banking Project Management Contractors 48

Contractor Bookkeeping

DECEMBER 12, 2013

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 Periodic Invoices For Bank draws. Need Complex Construction Accounting Reports. Need Complex Construction Accounting Reports. Have Change Orders. Issues Multiple Invoices.

Accounting 48

Accounting Construction Banking Project Management 48

Contractor Bookkeeping

NOVEMBER 7, 2013

That day is now with Xero accounting online! If this describes you then perhaps Xero accounting online is a better fit for you than Sage 50 accounting. If this describes you then perhaps Xero accounting online is a better fit for you than Sage 50 accounting. Periodic Invoices For Bank draws.

Sage 48

Sage Accounting Banking Construction 48

Contractor Bookkeeping

NOVEMBER 5, 2013

That day is now with Xero accounting online! We offer both Xero and QuickBooks bookkeeping services for construction contractors and have found the dividing line is how you get paid. Periodic Invoices For Bank draws. Need Complex Construction Accounting Reports. Xero Accounting Online Conversion From QuickBooks Mac.

Accounting 48

Accounting Banking Construction Project Management 48

Contractor Bookkeeping

AUGUST 27, 2014

QuickBooks For Contractors Setup. We Fix Bad QuickBooks For Contractors Setup Issues. Let us handle your QuickBooks setup for your contracting company because accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle.

Contractors 88

Contractors Accounting Work in Progress Profitability 88

Contractor Bookkeeping

NOVEMBER 5, 2013

That day is now with Xero accounting online! If this describes you then perhaps Xero accounting online is a better fit for you than QuickBooks Mac. We offer both Xero and QuickBooks bookkeeping services for construction contractors and have found the dividing line is how you get paid. Periodic Invoices For Bank draws.

Accounting 48

Accounting Banking Construction Project Management 48

Contractor Bookkeeping

JUNE 11, 2013

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. Yet most contractors believe the complete opposite about construction; cheaper is not better.

Accounting 48

Accounting Bankruptcy Profitability Contractors 48

Contractor Bookkeeping

NOVEMBER 7, 2013

That day is now with Xero accounting online! If this describes you then perhaps Xero accounting online is a better fit for you than Sage 50 accounting. If this describes you then perhaps Xero accounting online is a better fit for you than Sage 50 accounting. Periodic Invoices For Bank draws.

Sage 48

Sage Accounting Banking Construction 48