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

Levelset

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. Retention receivable and payable is different from accounts receivable and payable. View profile.

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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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Xero Accounting Online Remote Bookkeeping Services For Realtors

Contractor Bookkeeping

Let and let us take care of your bookkeeping with Xero Accounting Online! You need a way to understand your income and expenses so you can plan ahead. We Make Getting Started With Xero Accounting Online Painless! Xero Accounting Online Conversion. Enter all of your Accounts Receivable (Sales). Weekly reporting.

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Xero Accounting Online Setup Errors Fixed Fast And Easy!

Contractor Bookkeeping

Did You Have Trouble Setting Up Xero Accounting Online? You are not alone, it is an accounting program built to satisfy the needs of accountants with an attempt to make it easy for non-accountants. Xero Accounting Online Setup is not as complicated as QuickBooks setup projects. Set up your Chart of Accounts.

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Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

Each Branch Of Accounting serves a different function similar to how it works in construction. Three Accounting Skillsets = Three Types Of People. Bookkeepers are the lowest paid and the least skilled accounting specialist. Accountants are the next highest paid accounting specialist. Most C.P.A. Most C.P.A.

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How to Avoid Running Out of Cash on a Construction Project

Levelset

In this article, we’ll explore some strategies to help you keep money in the bank. Otherwise, you could be overdrawn on your account. Without incoming revenue to cover those costs, you’ll have to overbill another project to cover them. Hint: Many software programs allow you to set up automatic invoice reminders.).

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Washington State Realtors Deep Discount To Prepare For 2013 Taxes

Contractor Bookkeeping

We have expanded our services beyond just QuickBooks for construction and contractors and now offer Xero Accounting Online For Realtors. including full access to Xero Accounting Software until 01-31-14. Randal DeHart has attended classes and passed the exam to be a Xero certified accountant.