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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Construction projects rely on contractors completing the work they started and meeting the design intent. In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. Retention receivable and payable is different from accounts receivable and payable. According to Steven J.

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Managing Accounts Receivable in QB: QuickBooks for Contractors

Levelset

Contracts are almost never paid up front, so contractors provide labor, materials, and equipment on credit with their customers. As a result, every construction business records transactions to Accounts Receivable (A/R) until they actually receive payment. Learn more: The Ultimate Guide to Construction Accounting.

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Unique QuickBooks Mac Construction Accounting Problems Solved

Contractor Bookkeeping

Lately with construction on the rise a number of construction contractors and their bookkeeping staff are searching for someone who can solve problems unique to QuickBooks for Mac. We are well grounded in construction accounting and have a number of clients all across the USA. Choose File > Back Up to QuickBooks for Windows.

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Nicola Cairncross Interviews Randal DeHart, Construction Accountant

Contractor Bookkeeping

She is a valuable resource to all business owners, not just contractors. Please be sure to let Nicola Cairncross know Randal DeHart, The Contractors Accountant, recommended you. We Remove Contractor''s Unique Paperwork Frustrations. Our Contractor Bookkeeping Services System Is A System. Click Here For More.

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House Builders Want Unique Construction Accounting

Contractor Bookkeeping

Builder Accounting begins with a proper QuickBooks setup For Spec Home Builders. and QuickBooks Setup for Custom Home Builders Seasoned Builders understand that their needs are different and more specific than the general and specialty contractors that they hire to complete the project. New Builder Learning Curve.

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Invoice With Your Smartphone And QuickBooks Or Xero Accounting Online

Contractor Bookkeeping

The Old Way Contractors Invoiced the jobs were sometimes just as much or more work than doing of the job itself. Construction Contractors Have Two Choices depending on what you are most comfortable with, QuickBooks Desktop Version In The Cloud or Xero Accounting Online. Xero Accounting Online. Have Change Orders.

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Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

QuickBooks For Contractors Setup. We Fix Bad QuickBooks For Contractors Setup Issues. 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?