Contractor Bookkeeping
SEPTEMBER 3, 2021
Almost all business sectors have experienced declining profits, liquidity that is drying out, and even bankruptcy. Whether those hardships are pandemic-related or linked to other urgent situations, the effect is still the same. Your finances are negatively affected, and it's up to you to lead the recovery.
Contractor Bookkeeping
JUNE 11, 2013
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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Contractor Bookkeeping
NOVEMBER 3, 2012
You have what appears to be a high profit job and now you are thinking you have it made and I hope you are right! The most common situation is when a residential remodel contractor who has built a reputation and a substantial company generating profits of 15% or more decides to start building custom homes.
Contractor Bookkeeping
FEBRUARY 5, 2014
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.
Contractor Bookkeeping
OCTOBER 18, 2013
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. If The Bookkeeper Has No Skill In Construction Accounting.
Chianelli Estimating
AUGUST 6, 2020
One error may be the difference in bankruptcy or staying afloat. General Condition costs along with indirect costs tend to be much smaller but they are still a reality of doing business and a real profit killer; particularly when not accounted for. Accounting expanse. Less opportunities. Office Utilities. Office supplies.
Contractor Bookkeeping
AUGUST 6, 2014
1 Your Profit & Loss and Balance Sheet Reports do not conform to financial industry standards. #2 2 The financials tell the banker your bookkeeper doesn''t understand Construction Accounting. #3 4 You have no access to a construction accountant, not even for quarterly check-ups. #5 Five Red Flags To Avoid. #1
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