Remove Banking Remove Change Orders Remove Management 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.) We have a FREE change order form you can download here.

Banking 49
article thumbnail

What Reports Do Contractors Really Need?

Contractor Bookkeeping

1 Cash On Hand - This report shows you how much cash do you have in all your checking accounts, savings accounts, payroll accounts, hip national bank (your wallet) and petty cash box in your office. QuickBooks Works Best If You. Have Change Orders. Periodic Invoices For Bank draws. Take Job Deposits.

professionals

Sign Up for our Newsletter

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

article thumbnail

QuickBooks Vs. Xero Accounting Online For Construction

Contractor Bookkeeping

QuickBooks or Xero Accounting Online for construction depends on how you get paid, the type of work your company does and if you need Job Costing. QuickBooks Works Best If You: Takes Job Deposits. Have Change Orders. Need Work-In-Progress. Need Periodic Invoices For Bank draws. Monthly reporting.

article thumbnail

What Is Xero Accounting Software And Why Are We Offering It?

Contractor Bookkeeping

Their Cloud Platform Approach allows market leading business applications like Expensify, ADP, PayPal, Stripe and Bill.com to integrate seamlessly and major financial institutions like City National Bank to feed transactions directly into the ledgers of Xero users. Have Change Orders. Periodic Invoices For Bank draws.

article thumbnail

What Is Xero Accounting Online And Why Are We Offering It?

Contractor Bookkeeping

Xero Accounting Online Cloud Platform Approach allows market leading business applications like Expensify, ADP, PayPal, Stripe and Bill.com to integrate seamlessly and major financial institutions like City National Bank to feed transactions directly into the ledgers of Xero Accounting Online users. Have Change Orders.

article thumbnail

Unique Contractor Bookkeeper Ride Along To Increase Company Profits

Contractor Bookkeeping

The highly profitable contractors earn at least twice as much profit on each dollar of sales than average contractors and they enjoy more free time away from work. Supply Chain Management Costs. Change Order Management. Work-In-Progress (W.I.P.). Job Material Inventory Costs. Percentage Of Completion.

article thumbnail

Xero To QuickBooks Conversion

Contractor Bookkeeping

Actual Reporting, Job Costing Reports, Work-In-Process Tracking / Reporting (WIP) and complex multiple Payment Applications showing the entire job history including change order management linked to your own custom Schedule of Values (SOV) or one built on the standard 16 or 50 CSI codes? Have Change Orders.