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Housing Accounts for Nearly 17% of Country's GDP

Pro Builder

Housing Accounts for Nearly 17% of Country's GDP. at a seasonally adjusted annual rate during the second quarter of 2021, but residential fixed investment declined at a 9.8% at a seasonally adjusted annual rate during the second quarter of 2021, but residential fixed investment declined at a 9.8% cbroderick. Read More. .

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Getting Older Homes Up to Snuff for Energy Efficiency

Pro Builder

Getting Older Homes Up to Snuff for Energy Efficiency ibush Sat, 04/29/2023 - 08:30 Residential buildings account for about 21% of energy use and 20% of greenhouse gas (GHG) emissions in the U.S. That’s a lot of both, in terms of contributing to the current climate crisis and considering President Biden’s goal of cutting U.S.

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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

For example, assume you paint residential structures of all types. You could get hired by a general contractor (GC) for a new construction or remodel project, but you can’t assume you’re covered under a GC’s policy. It helps your workers replace income if they are injured on the job. Tool or equipment floaters. Cyber insurance.

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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.

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QuickBooks For Contractors Cost of Goods Sold Vs. Expense

Contractor Bookkeeping

During QuickBooks setup and especially QuickBooks for contractors one of the most dangerous and difficult steps is setting the Chart of Accounts. Sample Chart of Accounts Groups. All Other Contractors - Will normally only need accounts from group #2 and #3. For a full description of each one click here.

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Choosing QuickBooks Version For Your Contracting Company

Contractor Bookkeeping

QuickBooks Pro - Is great for contractors acting as Sole Proprietor with annual sales under $100,000 who simply need a way to keep track of basic income and expenses. When you spend money record it in the check register as an expense and when you receive money record it as income. In the hands of an accountant or C.P.A.

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Bad Bookkeeping Causes Contractors To Distrust Good Bookkeepers

Contractor Bookkeeping

As of the date of this article every general contractor doing residential remodels is excited for every new construction home builder who says "I have new houses to build and I am no longer interested in remodel work or handyman services". Most new construction contractors do not like residential remodels and handyman work.