Remove Banking Remove Change Orders Remove Insurance Remove Organization
article thumbnail

Contractor's Secretary Does Everything Including Bookkeeping!

Contractor Bookkeeping

Tracking change orders in QuickBooks for Contractors for each job. Double checking to make sure the contractor gets paid for all change orders. Process payroll and include reimbursements, health insurance, loans and garnishments. Enter banking transfers between checking and savings accounts. Go to the bank.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Rattner discussed the stress tests given by the Treasury Department to large banks that were receiving TARP funds. I would challenge you to create simple models that allow you to give your own organization random “stress” tests. What would you do next week if you lost that job you had been banking on?

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 Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Go To Your Bank - And they offer you a line of credit. Get Organized - Pick a company name that says something about what you are doing. Bank Accounts - Set up two bank accounts in your company name. Insurance - Is critical to your construction company. It is a must have to borrow money from a bank.

article thumbnail

New Contractor Business Start Up

Contractor Bookkeeping

Go To Your Bank - And they offer you a line of credit. Get Organized - Pick a company name that says something about what you are doing. Bank Accounts - Set up two bank accounts in your company name. Insurance - Is critical to your construction company. It is a must have to borrow money from a bank.

article thumbnail

We Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Did You Go To Your Bank - And they offered to give you a line of credit. Get Organized - We strongly recommend a Subchapter S-Corp for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Bank Accounts - Set up two bank accounts in your company name.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. The trouble is that banks often don’t have the capital cushion to foreclose on large properties and take the hit against their lending limit. In this particular metaphor, I would much rather your organizations behave like the lion than the caribou. change orders. STRATEGY |. MANAGEMENT |. SOFTWARE |.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. The trouble is that banks often don’t have the capital cushion to foreclose on large properties and take the hit against their lending limit. In this particular metaphor, I would much rather your organizations behave like the lion than the caribou. change orders. STRATEGY |. MANAGEMENT |. ACCOUNTING |.