Remove Accounting Remove Banking Remove Design Remove Work in Progress
article thumbnail

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

Contractor Bookkeeping

What Is Xero Accounting Online? Xero Accounting Online Is An Established Leader In Accounting Software having been around since July 2006 and has quickly grown to over 200,000 users. Xero Accounting Online Is The Global Leader in online accounting with over 200,000 paying customers in over 100 countries.

article thumbnail

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. The pain point is that we were forced to learn more about the inner workings of a computer server and working with remote technicians than we ever cared to know.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Construction Bookkeeping Unique Features

Contractor Bookkeeping

All Accounting Uses The Accounting Equation. Bank Balance - Un-cleared Checks) = Cash. Regular Bookkeeping - Is roughly 80% of all accounting for businesses in the world. Construction Bookkeeping - Is roughly 15% of all accounting and Accounting with manufacturing making up roughly 5%. Regular Bookkeeping.

article thumbnail

Outsourcing Contractor Bookkeeping Services Vs. Jobs

Contractor Bookkeeping

These days, contractors are under increased pressure to cut their prices to get enough work. For example, suppose you decide to upgrade your contractor bookkeeping software from shoeboxes full of receipts or spreadsheets to a computer based construction accounting software like QuickBooks. Work In Progress (WIP) Reporting.

article thumbnail

Construction Job Costing Reporting Service Work In Process Based

Contractor Bookkeeping

At the end of a job when you deposit the final check into the bank do you look at your current balance and wonder where all the money went? We have worked with many construction business owners who were struggling with job costing. Accounting Terms. costs in proper asset sub-accounts. Be sure to accumulate your W.I.P.

article thumbnail

Choosing QuickBooks Version For Your Contracting Company

Contractor Bookkeeping

QuickBooks Premier Contractors Edition - Is designed for serious contractors with annual sales above $100,000 because those companies are usually setup as a corporation, Sub-S or LLC in order to reduce the high income tax they would pay if they were a Sole Proprietor. In the hands of an accountant or C.P.A.

article thumbnail

FAQ's About Outsourced Contractors Bookkeeping Services

Contractor Bookkeeping

If you are a remodel contractor your core competencies revolve around bidding, proposing, closing deals, getting a deposit, scheduling the work, hiring construction workers and qualified sub-contractors, getting the work done and collecting the balance of your money. Who will service my account? & P.A.M.". Can my C.P.A.

FAQ 49