article thumbnail

How To Manage Your Construction Firm's Cash Flow During Crisis

Contractor Bookkeeping

You also need to know about any substantial invoices that are in dispute, particularly overdue debts and clients exceeding their credit limits. If you have a properly set up accounting software , then it should be relatively easy to view your red flags weekly, monthly (or any period you set).

article thumbnail

Xero Accounting Online Setup Errors Fixed Fast And Easy!

Contractor Bookkeeping

Did You Have Trouble Setting Up Xero Accounting Online? You are not alone, it is an accounting program built to satisfy the needs of accountants with an attempt to make it easy for non-accountants. Xero Accounting Online Setup is not as complicated as QuickBooks setup projects. Set up your Chart of Accounts.

professionals

Sign Up for our Newsletter

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

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.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. Software & Technology. Accounting & Finance. Why Construction-Specific Accounting Software Costs More than Generic Accounting Software » Look for the September How To Issue. Is There No Free Lunch or Construction Software? Tags accounting.

article thumbnail

A Cash Flow Guide for Architects

Levelset

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. Each of the categories above can be further broken down into a more detailed list that provides the structure for the business’ chart of accounts.

article thumbnail

Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

QuickBooks Premier Accountant 2000 And Up. There are thousands of QuickBooks reports and hundreds of add-on software that can generate thousands more; however there are only five Key Performance Reports and a few Job Costing and Job Profitability Reports that will provide what you really need to achieve your goals.

article thumbnail

We Fix Costly QuickBooks Setup Problems

Contractor Bookkeeping

The QuickBooks reports number that are available number in the thousands and with any one of the hundreds of add-on software you could generate millions reports. If you are a construction accountant like me you would love it. Chart of Accounts Direct Construction Costs. Chart of Accounts Indirect Construction Costs.