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Four Things To Consider Before Expanding Your Service Offerings

Contractor Bookkeeping

Adding additional services is an excellent way to increase your profitability, diversify your income and expand your market. But there are essential things to consider before adding to your income streams. If you're looking to grow your construction business, you might consider expanding your service offerings.

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Outsourced Accounting For Your Contracting Company

Contractor Bookkeeping

If after reviewing these questions if you would like to have an open and honest conversation with us about outsourced accounting for your contracting company please contact Sharie at 206-361-3950 or sharie@fasteasyaccounting.com. All Outsourced Accounting Services Are Done In Our Office In Lynnwood Washington. Not here, not ever!

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A Cash Flow Guide for Architects

Levelset

Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. This is in contrast to an accrual basis , which is a form of accounting that tracks revenue and expenses when they are incurred, not when they are paid or received.

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Basic Accounting Terminology for PMs

PSMJ Resources

Professional service firms use accrual based accounting methodology, not cash-based, and once this is understood everything gets much simpler. The determination of income and recognition of revenue rests upon the collection of cash and payment of expenses in a cash-based system.

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. They also serve as a way to check up on the financial health of your organization and ensure that you’re budgeting and forecasting accurately.

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Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

Let us handle your QuickBooks setup for your contracting company because accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle. QuickBooks Premier Accountant 2000 And Up. Job Cost Reports, Job Profitability Reports.

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. They also serve as a way to check up on the financial health of your organization and ensure that you’re budgeting and forecasting accurately.