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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

Construction company owners who understand Construction Psychology and the need for Business Process Management (BPM) System also know the importance of being process dependent, not people dependent. The same goes with managing sub-contractors and suppliers. One will bankrupt you and the other will make you wealthy. The Solution.

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Turbocharging Motown’s Recovery

Buisness Facilities Contributed Content

A few hours after the pixels for that post were hatched, Detroit announced it had become the largest city in history to file for bankruptcy protection. We are committed to helping make that future a reality,” the bank said, in an internal document acquired by The Detroit Free Press and posted online.

Detroit 49
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Unique Construction Company Financing Secrets Revealed

Contractor Bookkeeping

You Want Money; Banks Want To Lend Money, What''s The Problem? Multiply That By 100,000 And You Will Begin To Understand Why Banks Seem So Tight Fisted About Loaning Money. Banks stay in business is by loaning money and earning interest. The Risk Management Association (RMA). A Bit Of History Helps With Understanding.

Finance 48
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Stop Bookkeeper Embezzlement In Your Construction Company

Contractor Bookkeeping

Being Ripped-Off And Driven Into Bankruptcy! I say that with all due respect to egg heads since I am an egg-head with several degrees and certifications in Accounting, Construction Accounting and Project Management. 13 - Your Bookkeeper - Is the primary contact for your company''s banks, auditors, creditors, etc. #14

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Scam Artists Are Calling Contractors Claiming To Be From The IRS

Contractor Bookkeeping

It is no secret that contractors are in an industry with a lot of cash transactions and sometimes they get busy and forget to deposit the money in the bank and properly account for it inside their contractors bookkeeping services system. Business Process Management (BPM) For Contractors. Click Here For More. Need Help Now?

IRS 48
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Job Costing Accounting Vs. Regular Accounting

Contractor Bookkeeping

Having QuickBooks Setup the right way for construction is the foundation for having a useful job costing reporting system. If the contractor believes the company is undercharging they may raise bid prices, lose jobs, eventually run out of cash and file bankruptcy. Cheap Bookkeepers Cannot Do Job Costing.

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

Contractor Bookkeeping

Their primary function is preparing the annual tax return, performing audits and preparing Certified Financial Statements for bank loans and when a construction contractor requires them before issuing a construction bond. Bank Balance - Un-cleared Checks) = Cash. Certified Public Accountants (C.P.A.) Most C.P.A. Cash On Hand.