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Job Costing Accounting Vs. Regular Accounting

Contractor Bookkeeping

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. Two Basic Types Of Accounting. #1 Tax Accountants are good people and have a place in the accounting world.

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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. Expenses - Overhead required to maintain business operations. Construction Accounting Titles = 233. Regular Accounting Titles = 115.

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Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

QuickBooks Premier Accountant 2000 And Up. If your QuickBooks setup was done by a QuickBooks Expert in construction accounting and maintained correctly you are riding high and living well! The Chart of Accounts is the foundation and if your Chart of Accounts is not setup right you will not have anywhere to put the transactions.

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Outsourcing Contractor Bookkeeping Services Vs. Jobs

Contractor Bookkeeping

New technologies and new approaches in cloud computing for construction accounting gives forward thinking contractors an amazing ability to get more for less - but in most cases, contractor''s heads are still stuck in 1990, thinking they have to do everything themselves. Insurance Audit Reports. Sales Tax Returns. Payroll Processing.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. INSURANCE |. Accounting & Finance. But to count on them as the source of profit is to bank on an unpredictable variable that is not under your control, that is hard to manage, and that you may wish to use for a completely different purpose – business development (more on this in a moment). Tags accounting.

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Contractor's Secretary Does Everything Including Bookkeeping!

Contractor Bookkeeping

Process payroll and include reimbursements, health insurance, loans and garnishments. Maintain and update vendor list with contact information, account numbers and terms. Enter banking transactions including EFT, ACH, NSF, checks, debits and automatic payments. Enter banking transfers between checking and savings accounts.

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Six Virtual Contractor Bookkeeper Traps

Contractor Bookkeeping

They ask for administrative access to your QuickBooks company file, sensitive documents, bank statements, financial records, credit and debit card information and PIN numbers used to pay your Quarterly Tax Returns. We hire professional construction accountants and bookkeepers and have a comprehensive Construction Accounting System.