Contractor Bookkeeping

OCTOBER 18, 2013

There Is A Disturbing Pattern Among Contractors And You Need To Be Aware Of It! No construction company goes bankrupt that had useful accurate Financial Statements and Job Costing Reports that they understood and paid attention to because they would have seen bankruptcy coming well enough ahead of time to avoid it.

Contractors 48

Contractors Bankruptcy Cash Flow Accounting 48

Contractor Bookkeeping

SEPTEMBER 3, 2021

Almost all business sectors have experienced declining profits, liquidity that is drying out, and even bankruptcy. Your finances are negatively affected, and it's up to you to lead the recovery.

Bankruptcy 79

Bankruptcy Finance Construction Profitability 79

Chianelli Estimating

JANUARY 30, 2020

Many times those costs are not recovered, however; they could make the difference in keeping the Builder or Owner solvent or ending up with a failed project or worse yet bankruptcy. Recently Contractors and Owners have found that Outsource Estimating is becoming a practical way to cut overhead.

Estimating 78

Estimating Construction Bidding Bankruptcy 78

Contractor Bookkeeping

JUNE 17, 2013

Contractors a ccounting and finance the most important back-office services and in most cases the least understood. However using the information from the accounts and attempting to control costs without understanding which parts of the company are driving revenues can lead to disaster.

Contractors 48

Contractors Accounting Finance Bankruptcy 48

Contractor Bookkeeping

OCTOBER 17, 2014

It is no secret that contractors are in an industry with a lot of cash transactions and sometimes they get busy and forget to deposit the money in the bank and properly account for it inside their contractors bookkeeping services system. Contractors Are Prime Targets For IRS Scams.

IRS 48

IRS Claims Contractors Accounting 48

Contractor Bookkeeping

JULY 27, 2012

Please feel free to share them with your friends, relatives and most importantly contractors as they will appreciate the humor and perhaps find value in the words of wisdom we are sharing. 80/20 Rule – 80% of a contractor’s wealth and wellbeing comes from 20% of their activities.

Contractors 63

Contractors Cash Flow Construction Accounting 63

Chianelli Estimating

AUGUST 6, 2020

Unfortunately the contractor with work in progress is most vulnerable. Contractors working with a fixed cost contract is the norm and are married to the terms by which it has been agreed upon from the project outset; before Copvid-19 restrictions. Too many contractors vying for the same job . cost overruns. Less opportunities.

Estimating 60

Estimating Residential Insurance Commercial 60

Contractor Bookkeeping

FEBRUARY 14, 2014

A lot of contractors would like to subcontract out their bookkeeping services and the two main reasons they don''t is fear of losing control and cost. Click the button below to get right to the Frequently Asked Questions About Outsourced Contractors Bookkeeping Services. 4 out of 100 contractors will earn between 3%-15% net profit.

FAQ 49

FAQ Contractors Accounting Security 49

Contractor Bookkeeping

NOVEMBER 3, 2012

A lot of contractors are told to email QuickBooks contractor data files to their tax preparer, bookkeeper or any number of places and continually put themselves at tremendous risk of identity theft or worse. You mistyped the email address into your email program and sent your QuickBooks for contractors data file who knows where.

Contractors 49

Contractors Security Accounting Software 49

Contractor Bookkeeping

MARCH 7, 2013

After interviewing this contractor and his bookkeeper and conducting a thorough review of his QuickBooks for Contractor file and the QuickBooks Setup I believe this contractor had a bookkeeping troll. The contractor contacted us for help and advice. The mindset of a contractor is similar to that of a cowboy herding cats.

Cash Flow 49

Cash Flow Contractors Banking Accounting 49

Contractor Bookkeeping

AUGUST 6, 2014

They work hard to find people and businesses and contractors that are good credit risks they can loan money too and get paid back in a timely fashion, with all of the interest due to them. 2 The financials tell the banker your bookkeeper doesn''t understand Construction Accounting. #3 Do your best to avoid raising any red flags. . #1

Finance 48

Finance Accounting Construction Banking 48

Contractor Bookkeeping

OCTOBER 3, 2014

Being Ripped-Off And Driven Into Bankruptcy! Whenever we see a contractor is heading toward a problem, issue or disaster we immediately raise an alarm. I say that with all due respect to egg heads since I am an egg-head with several degrees and certifications in Accounting, Construction Accounting and Project Management.

Accounting 48

Accounting Construction Banking Contractors 48

Construction Marketing Ideas

JANUARY 20, 2016

So, a small job is posted publicly and then dozens, even hundreds of contractors and speciality service providers apply for the work. These issues arise in part as I observe several contractors who haven’t been named in the litigation, yet somehow touch to the edges of what appeared to be unethical behaviours.

Procurement 48

Procurement Bankruptcy Bidding Spirit 48

Construction Lawyer

APRIL 30, 2012

He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction.

New York 40

New York Lien Contractors Illinois 40

ProcurementExpress.com

NOVEMBER 30, 2016

Contractor default problems. A real life example: I am a contractor and I have underbid a house by $14000. What can I do besides bankruptcy? To avoid the pitfalls of underfunded projects: set a realistic budget, and interview and hire the best consultants and contractors available. Contractor default problems.

Risk 52

Risk Construction Plans Structural Engineering 52

ProcurementExpress.com

NOVEMBER 30, 2016

Contractor default problems. A real life example: I am a contractor and I have underbid a house by $14000. What can I do besides bankruptcy? To avoid the pitfalls of underfunded projects: set a realistic budget, and interview and hire the best consultants and contractors available. Contractor default problems.

Risk 40

Risk Construction Plans Structural Engineering 40

Pro Builder

JULY 26, 2021

First, many cannot find enough trade contractors to build the homes, with six-month cycle times becoming all too common. The typical builder employs between 30 and 50 suppliers and trade contractors to ready a home for sale. Home sales are cooling a bit in some markets, with many builders holding back on sales for two good reasons.

Overhead 105

Overhead Profitability Housing Materials 105

Construction Lawyer

JULY 20, 2012

He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction.

Illinois 40

Illinois Subcontracting Liability AIA 40

Levelset

JULY 22, 2022

Moving from working as a roofing contractor to starting your own business may feel a bit dizzying, but it doesn’t have to be. We have a contractor licensing guide for every state you can refer to — as many states do require specific licensing for roofing businesses. Review your cash flow regularly.

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Levelset

JULY 19, 2022

We have a contractor licensing guide for every state you can refer to. Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. It’s important to keep your business’ finances separate from your personal accounts. Read more: The profit roadmap for contractors.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

Levelset

JULY 18, 2022

We have a contractor licensing guide for every state you can refer to — as many states do require specific licensing for plumbing businesses. Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. It’s important to keep your business’ finances separate from your personal accounts.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Levelset

JULY 15, 2022

We have a contractor licensing guide for every state you can refer to — as many states do require specific licensing for electrical businesses. Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. It’s important to keep your business’ finances separate from your personal accounts.

Electrical 52

Electrical Cash Flow Accounting Profitability 52

Buisness Facilities Contributed Content

AUGUST 29, 2013

The SSA awarded the contract to design and build the new data center to Hensel Phelps Construction, a Colorado-based general contractor. Bankruptcy Court in Delaware and said it expects the sale to be completed in two to three months. The contract’s total cost is about $192 million, according to GSA documents filed online.

Maryland 53

Maryland Baltimore Electrical Houston 53

Construction Lawyer

SEPTEMBER 22, 2005

He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction.

Lien 40

Lien Illinois AIA Chicago 40

Contractor Bookkeeping

AUGUST 20, 2014

Most contractors enjoy a bit of excitement in their lives and for some of them it is more than just the thrill of being their own boss it is the thrill of the hunt! It helps if you understand that most Construction Contractors live in a rough and tumble world. Either way it will be magnificent or a lot of fun!

Contractors 48

Contractors Accounting Cash Flow Project Management 48

NH Construction Law

JANUARY 18, 2023

A few years back I blogged ( #19 ) that RSA 447:8 might be an exception to this general rule, imposing a trust in favor of subcontractors on money that an owner owes to a general contractor if the proper notices are given by the subcontractors. 6, 2023), decided by New Hampshire’s bankruptcy court. Maryland is an example, Md.

Lien 40

Lien New Hampshire Claims Bankruptcy 40

Buisness Facilities Contributed Content

MARCH 21, 2014

corporations whose sole activities in CT are trading stocks, securities or commodities of their own account. An audit of qualifying expenses from an independent Iowa certified public accountant is required prior to issuance of all tax credit certificates. Qualifying defense contractors. Qualifying financial service providers.

Income 75

Income Finance Zoning Equipment 75

Buisness Facilities Contributed Content

APRIL 15, 2014

001) of UI taxable wages for employers with positive UI reserve account balances and employers subject to Section 977(c) of the California Unemployment Insurance Code (CUIC). corporations whose sole activities in CT are trading stocks, securities or commodities of their own account. Qualifying defense contractors.

Income 108

Income Finance Zoning Employment 108