Contractor Bookkeeping

SEPTEMBER 1, 2014

Editor''s Note: We see many QuickBooks for contractor files where the contractor is paying tax on money they have not collected and when we ask why, the most common answer is the tax accountant wants to make sure the contractor pays their fair share of taxes. 2 If someone never pays it can be tricky getting refunds from tax agencies.

Contractors 48

Contractors Accounting Cash Flow Profitability 48

Contractor Bookkeeping

AUGUST 27, 2014

Did someone setup QuickBooks by trying to follow the built in template inside QuickBooks and you figured out you cannot get any of the financial and job costing reports you need to operate and grow your construction company? We Do QuickBooks Setup For Construction Beginning With Year 2000 And Up. QuickBooks Pro 2000 And Up.

Contractors 89

Contractors Accounting Work in Progress Profitability 89

Contractor Bookkeeping

JULY 7, 2014

Just because you don''t fully understand everything, you need to know about running a construction company doesn''t mean you shouldn''t be paid a fair price for your work! Reconcile The Bank Accounts. Reconcile The Credit Card Accounts. Manage Change Orders. Dispatch Construction Workers. Accounting Is Not Easy.

Contractors 49

Contractors Accounting Banking Project Management 49

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. They pay exorbitant interest rates for loans and lines of credit, which reduces their take home pay.

IRS 48

IRS Claims Contractors Accounting 48

Contractor Bookkeeping

AUGUST 13, 2014

As Contractors Move Away From Gut-level Decisions - And begin relying on their accounting systems to provide useful financial and job costing reports the open a treasure chest busting at the seams with useful knowledge which can lead them to earning massive profits and by extension increase their personal wealth exponentially.

Contractors 48

Contractors Accounting Profitability CA 48

Contractor Bookkeeping

AUGUST 11, 2014

His banker was a blunt and told him that if he wanted to stay in the construction business he needed to have accurate Profit & Loss, Balance Sheet and Job Costing Reports. Our In-depth Analysis Of QuickBooks Revealed These Critical Issues: The Chart of Accounts Was one of the worst QuickBooks Setup we have seen in the past ten years.

Profitability 48

Profitability Contractors Accounting Income 48

Contractor Bookkeeping

AUGUST 29, 2014

Cash flow is the lifeblood of any construction company and especially the ones with annual sales volume under $1,000,000. Some construction Company experts even say that a healthy cash flow is more important than your contracting company''s ability to complete projects! What Makes Up Your Construction Company Cash Flow?

Cash Flow 48

Cash Flow Management Contract Accounting 48

Contractor Bookkeeping

AUGUST 15, 2014

Which QuickBooks Is Best For Your Construction Company? QuickBooks - Is a tool like any other tool in the hands of a Master Construction Accountant it can do marvelous things that will amaze even the toughest contractor, their banker and performance bonding agent. In the hands of an accountant or C.P.A.

Contract 48

Contract Accounting Income Contractors 48

Contractor Bookkeeping

FEBRUARY 14, 2014

We have owned and operated several construction companies from the early 1970''s until 2000 and experienced just about every good, bad and ugly thing possible. It is the construction contractors that is most adaptable to change.". They are listed in detail further down. 4 out of 100 contractors will earn between 3%-15% net profit.

FAQ 49

FAQ Contractors Accounting Security 49

Contractor Bookkeeping

SEPTEMBER 19, 2014

If you Google “Construction Accounting Software” the results are over 20,000,000. Construction trade journals list over 4,000 construction accounting software programs that actually work well for the construction industry. including Alaska and Hawaii. See The 80/20 Rule For Construction Success.

Accounting 49

Accounting Software Software Construction 49

Construction Business Owner

APRIL 7, 2021

Bring Construction Billing into Focus. Clear visibility over invoices, lien waivers & payments inspires seamless money management & accelerated job timelines. Built Financial Toolkit brings construction billing into focus. Greg Ragsdale. Wed, 04/07/2021 - 14:54. Fill out the form on this page to download this white paper. .

Virgin Islands 185

Virgin Islands Puerto Rico Samoa Construction 185

Construction Business Owner

MARCH 19, 2021

This era of automation and the shift toward digital transformation present tremendous opportunity for accounts payable (AP) and project management teams looking to increase efficiency, security and control. New technology making a difference in construction accounting. VP, Construction Industry. AvidXchange.

Virgin Islands 334

Virgin Islands Puerto Rico Samoa Rhode Island 334

Contractor Bookkeeping

AUGUST 8, 2014

When John Doe* (not his real name) opened his residential remodeling company, he did just about everything himself from creating construction proposals to paying the rent, processing payroll, preparing quarterly tax returns, reconciling checking and credit card accounts and paying bills. You Dont Want To Manage A Bookkeeping Staff.

Accounting 49

Accounting Construction Contractors Project Management 49

Construction Business Owner

SEPTEMBER 29, 2020

Your accounting team has an opportunity to make a major contribution to your firm’s bottom line. By following project accounting best practices as they manage budgets and billing, they can help ensure the profitability of each project. How agile project management can help you reduce project risk.

Profitability 185

Profitability Virgin Islands Contractors Puerto Rico 185

Construction Business Owner

AUGUST 24, 2022

Discover five critical signs indicating your current project management solution may be unable to take you where you need to go. Accounting & Finance. capital project. This white paper is provided by both Construction Business Owner and the sponsor who may follow-up with you regarding their products and/or services.

Management 295

Management Virgin Islands Puerto Rico Samoa 295

Contractor Bookkeeping

OCTOBER 10, 2014

Breakeven Is Difficult To Calculate Because Most Construction Projects Are One-Of-A-Kind Custom Jobs. The answer is to develop a Universal Standard Of Measurement (USM) for your Construction Company and stick with it. No Two Construction - Companies are alike. No Two Construction - Companies are alike.

Contractors 48

Contractors Accounting Profitability Management 48

Contractor Bookkeeping

SEPTEMBER 26, 2014

Lately many of our contractor clients have told us how much they appreciate working with us because we really do understand them and the construction industry in which they work and play. 01 They had a bookkeeper embezzle money from their Construction Company. #02 Six Reasons Why Contractors Hire Us. #01

Contractors 48

Contractors Accounting Documentation Project Management 48

Cassell Construction Estimating

DECEMBER 14, 2008

Despite last year’s residential meltdown (-35%), industrial construction recorded strong growth in 2008, and commercial largely held its own, with gains in niches such as the hospitality and office sectors. All signs that construction activity has support top to bottom in very diverse areas of the country.

Sage 100

Sage Honolulu Hawaii Estimating 100

Contractor Bookkeeping

AUGUST 20, 2014

It helps if you understand that most Construction Contractors live in a rough and tumble world. We can see there are arrows indicating which personality traits are well matched and which ones are not well matched which brings us to bookkeepers who are trained in regular accounting not construction accounting.

Contractors 49

Contractors Accounting Cash Flow Project Management 49