article thumbnail

Construction Bad Debt What To Do About It

Contractor Bookkeeping

All construction contractors have experienced the financial pain of bad debt which is defined as a customer who refuses to pay no matter what you do. Owning and operating any business including accounting means sometimes you provide goods and services and not get paid. Knowing The Answers Helps. Answer #2 - The Two Percent Rule.

Debt 49
article thumbnail

Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

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.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Skilled Labor Fund to Educate 1,400 New Skilled Laborers After Grant from The Home Depot Foundation & NAHB

Pro Builder

“This grant from the Home Depot Foundation and ‘Schools to Skills’ will help bridge the gap for many young people who see skilled trades training for what it is: A gateway to a successful career free from the burden of student loan debt. Account Supervisor - Ammunition & Skilled Labor Fund. About The Skilled Labor Fund. Alex Plotts.

NAHB 59
article thumbnail

Construction Bookkeeping Unique Features

Contractor Bookkeeping

All Accounting Uses The Accounting Equation. Regular Bookkeeping - Is roughly 80% of all accounting for businesses in the world. Construction Bookkeeping - Is roughly 15% of all accounting and Accounting with manufacturing making up roughly 5%. Construction Accounting Titles = 233. Bank Account - Operating.

article thumbnail

Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

QuickBooks Premier Accountant 2000 And Up. If your QuickBooks setup was done by a QuickBooks Expert in construction accounting and maintained correctly you are riding high and living well! The Chart of Accounts is the foundation and if your Chart of Accounts is not setup right you will not have anywhere to put the transactions.

article thumbnail

Energy Innovation: Solar Energy Solutions Continue to Gain Momentum

Pro Builder

million accounts and 10 million people, but is increasingly harnessing sunshine as a source. There is no debt on it, no equipment on it, and it gives a lot more flexibility and optionality within the portfolio.”. . Mixed-Fuel Solutions and All-Electric Codes in Home Building.

article thumbnail

Contractors Unique Contribution To Society Is Enormous

Contractor Bookkeeping

Thank You Residential Remodel Contractors for repurposing our homes to meet the needs of our constantly changing lifestyles. It is because of the commitment of men and women like you to step out of your comfort zone and start a construction company and work it that we owe you all a great debt of gratitude. And May God Bless You All!