Remove Banking Remove Cash Flow Remove Drawings Remove Work in Progress
article thumbnail

You Have HUD-1 Statements And Your Bank Wants Financial Statements

Contractor Bookkeeping

You are a spec home builder in need of a construction draw and your bank or lender wants to see your latest financial reports and this time they want all of the current houses you are working on to be reflected in QuickBooks correctly as Work-In-Process (W.I.P.) Work In Progress (WIP) Reporting.

Banking 49
article thumbnail

Spec Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

Spec Home Builders - Need people trained in construction bookkeeping who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. Work In Progress (WIP) Reporting. We know what to do! Job Deposit Tracking. Quarterly Tax Returns. Sales Tax Returns. Payroll Processing.

Banking 54
professionals

Sign Up for our Newsletter

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

article thumbnail

Home Builders Who Need To Keep Track Of Specialty Contractor Costs

Contractor Bookkeeping

Spec Home Builders - Need people trained in construction accounting who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. Work In Progress (WIP) Reporting. We know what to do! Job Deposit Tracking. Quarterly Tax Returns. Sales Tax Returns. Payroll Processing.

article thumbnail

Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

In ancient Greece, Socrates argued that education was about drawing out what was already within the student. "I Follow This Step-By-Step Process: #1 Find A Commercial Banker You Can Work With. Go to your bank and ask to speak with the commercial banker. The really good news they are on the banks payroll.

article thumbnail

We Work With CPA's, Bankers, Advisers To Increase Contractor Profits

Contractor Bookkeeping

1 Commercial Banker - Someone to help you manage cash flow and put your cash to work earning interest with sweep accounts and other banking tools. We really appreciate working with C.P.A.'s We work closely with C.P.A. firms, banks and lenders so we have a good idea of what financial reports C.P.A.

article thumbnail

Custom Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

Custom Home Builders - Need people trained in construction bookkeeping who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. Work In Progress (WIP) Reporting. We know what to do! Job Deposit Tracking. Quarterly Tax Returns. Sales Tax Returns. Payroll Processing.