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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

It is time for contractors to get serious about the new accounting lease standard. 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). The prior accounting standard (ASC 840) only required capital leases to be included on the balance sheet. Accounting & Finance.

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Construction Accounting And Baseball Looks Easy From The Bleachers

Contractor Bookkeeping

What sport do you relate your accounting to? Purchase Orders / Sales Orders / Inventory / Class Tracking / Enabled Online Features / except Payroll and Merchant Services (those cost money) / Sync’d with Estimating Software – And QuickBooks advertisements make it is easy and quick too! Setting Up QuickBooks – DIY Setup.

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Contractors Online Accounting With QuickBooks Desktop Version

Contractor Bookkeeping

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. Online Accounting Services Saves You Time And Stress. Automatic backup. per hour!

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QuickBooks Year End Closing Tips For All QuickBooks Users

Contractor Bookkeeping

Several years ago the accounting departments of smaller construction companies with less than $10M in annual sales had to slog through dozens of mind numbing General Journal Entries in order to "Close The Books". There are still a few things the accounting department needs to do. Review Personal Bank Statements - Business.

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Cloud-based technology facilitates the work process of building contractors

Construction Cost Estimating

The software contains a wide array of business management solutions which range from job cost, project management, equipment management, payroll, purchasing, inventory, and much more.

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Fraud Fears

Carol Hagen

Hunter Hagan & Company, Ltd , CPAs sponsored an Avoiding Fraud seminar at First Western Trust Bank in Scottsdale that was packed with great advise, statistics and lessons learned. Your insurance agent may suggest you have all your accounting staff bonded to reduce the risk of hiring someone with past problems.

Inventory 100
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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Construction Company cash flow is the movement of money in and out of your Construction Company; these movements are known in accounting circles as inflow and outflow. Note: A construction accountant is the best person to help you learn how your cash flow statement works. Keep your inventory as low as possible.