ProcurementExpress.com

JANUARY 2, 2019

Work in progress figures might not sound like something you need to think much about. That’s accounting’s job, right? In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. WIP is one element of an inventory account. Well, not exactly.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

Chianelli Estimating

AUGUST 6, 2020

Covid-19 and the Impact on Construction Estimating. As construction workers make their way back to work whether it’s continuing a project left hanging or starting something new, realities must be faced. social distancing, staggered start times, wide-ranging disinfection for tools, work surfaces, equipment, machinery and hands.

Estimating 60

Estimating Residential Insurance Commercial 60

ProcurementExpress.com

JANUARY 2, 2019

Work in progress figures might not sound like something you need to think much about. That’s accounting’s job, right? In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. WIP is one element of an inventory account. Well, not exactly.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Contractor Bookkeeping

JUNE 1, 2018

Knowing how to use Work-In-Progress, Direct and Indirect Construction Costs is key. Understanding Overhead, Other Expenses, and Other Income compounds are also important. Proper QuickBooks set up, and Construction Accounting is the foundation to provide them.

Work in Progress 49

Work in Progress Overhead Accounting Profitability 49

Contractor Bookkeeping

AUGUST 16, 2013

All Accounting Uses The Accounting Equation. Regular Bookkeeping - Is roughly 80% of all accounting for businesses in the world. Expenses - Overhead required to maintain business operations. Construction Bookkeeping - Is roughly 15% of all accounting and Accounting with manufacturing making up roughly 5%.

Work in Progress 58

Work in Progress Accounting Construction Leases 58

Contractor Bookkeeping

AUGUST 27, 2014

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.

Contractors 88

Contractors Accounting Work in Progress Profitability 88

Contractor Bookkeeping

AUGUST 15, 2014

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. it can destroy your construction company.

Contract 48

Contract Accounting Income Contractors 48