Remove Alaska Remove Foundation Remove Income Remove Project Management
article thumbnail

Contractor Sucess M.A.P. Podcast

Contractor Bookkeeping

Because your contracting company wants to generate passive income streams so you can have the freedom to do what you really want to do with your life. Alaska And Hawaii How To Use M.A.P. Our Co-Founder Randal DeHart - Is a Certified PMP (Project Management Professional) with several years of construction project management experience.

article thumbnail

Do Contractors Need Every QuickBooks Feature?

Contractor Bookkeeping

The Next Two Profit & Loss Reports Show Accrual Vs. Cash And % of Income. The Percentage Of Income Is very Useful For: #1 Comparing changes year over year. #2 Our Co-Founder Randal DeHart - Is a Certified PMP (Project Management Professional) with several years of construction project management experience.

professionals

Sign Up for our Newsletter

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

article thumbnail

Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

Financial Reports Were Worthless Profit & Loss Reports showed massive income because Cost of Goods Sold (COGS) accounts were understated. This One Bookkeeper Error Caused the contractor to OVERPAY HIS ANNUAL INCOME TAX. The Key Colum - Is the Percentage (%) of Income. Education is the foundation for shifting paradigm.

article thumbnail

Unique Contractor Investment Can Exceed 100% Return

Contractor Bookkeeping

When You Come - To my office and start complaining about how much you are paying more in income tax since working with us than you used to earn in a year that makes me very happy! Our Co-Founder Randal DeHart - Is a Certified PMP (Project Management Professional) with several years of construction project management experience.

article thumbnail

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.

article thumbnail

Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Other examples of cash inflows are borrowed funds, income derived from sales of assets, and investment income from interest. The concept of profit is somewhat broad and only looks at income and expenses over a certain period, say a fiscal quarter. Cash is king! Click Here For More. Visit [link] to learn more.

article thumbnail

Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

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. Other Income Tracking. Our experience has been your group generates a relatively unstable income and is somewhat sensitive to the ups and downs of the new construction custom built market.