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Construction Bookkeeping Unique Features

Contractor Bookkeeping

Bank Balance - Un-cleared Checks) = Cash. Expenses - Overhead required to maintain business operations. Expenses - Overhead is extremely complex because some expenses in regular Accounting are actually Cost of Goods Sold in construction accounting. Bank Account - Escrow Deposits. Bank Account - Operating.

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Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

Contractors, home builders, residential and commercial remodeling company owners let us take care of QuickBooks setup for your contracting company because owning and operating your construction company means you need clear and concise Financial Reports, Job Costing and Job Profitability Reports to survive and thrive. Bank Reconciliations.

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Common Types of Construction Contracts And Their Use

cnstrctr

These are great for usage on simple residential and commercial construction projects. The contractor charges the owner based on the actual costs of the project including rates for overhead agreed to as part of the contract. The bank or financial institution offers lending to the owner. Construction Contract Types.

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How to Start a Roofing Business: 9 Tips to Grow & Thrive

Levelset

It’s an excellent time to consider starting a roofing company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for the roofing industry, which is expected to grow revenues by around 1% annually for the next five years. . Make a clear business plan aimed at growth.

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Six Virtual Contractor Bookkeeper Traps

Contractor Bookkeeping

Professional bookkeeping services have a commercial office space with public access. They ask for administrative access to your QuickBooks company file, sensitive documents, bank statements, financial records, credit and debit card information and PIN numbers used to pay your Quarterly Tax Returns. Virtual Bookkeeper Trap #1.

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How to Start a Plumbing Business: 9 Tips for Growth

Levelset

It’s an excellent time to consider starting a plumbing company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for plumbing companies, which are expected to grow revenues by more than 1% annually for the next five years. Make a growth plan to stay focused on your goals.

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How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

It’s an excellent time to consider starting a painting company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for painters. Start right by registering, licensing, and insuring your business. We have a contractor licensing guide for every state you can refer to.