Contractor Bookkeeping

FEBRUARY 5, 2014

Tax Season Is Here and this is when most construction contractors think about getting their construction bookkeeping system in order so they can file their annual tax return for the previous year. Each Branch Of Accounting serves a different function similar to how it works in construction. Why Not All Three? Most C.P.A.

Accounting 48

Accounting Construction Profitability Contractors 48

Contractor Bookkeeping

JUNE 18, 2012

Business Owners - Need three basic reports, Cash, Profit and Equity. Bank Balance - Un-cleared Checks) = Cash. Profit And Loss Report. Sales - Expenses) = Profit. It is easy to run reports to determine which items are profitable and unprofitable and make adjustments quickly as needed. Cash On Hand.

Contractors 58

Contractors Profitability Overhead Equity 58

Contractor Bookkeeping

MAY 17, 2013

Business Owners - Need three basic reports, Cash, Profit and Equity. Bank Balance - Un-cleared Checks) = Cash. Profit And Loss Report. Sales - Expenses) = Profit. It is easy to run reports to determine which items are profitable and unprofitable and make adjustments quickly as needed. Cash On Hand.

Accounting 48

Accounting Contractors Profitability Overhead 48

Contractor Bookkeeping

MAY 25, 2013

Contractors Do You Want To Know How Much Profit You Made On Your Last Job So You Can Earn More On The Next One. At the end of a job when you deposit the final check into the bank do you look at your current balance and wonder where all the money went? Mastering job costing is critical to your business success and profitability.

Schedule 49

Schedule Profitability Accounting Construction 49

Contractor Bookkeeping

JANUARY 27, 2014

Construction Accounting Services For Home Builders. Spec Home Builders Have Unique Construction Accounting Needs : Keeping Track Of Specialty Contractor Costs - Is one of the most valuable things your contractors bookkeeping services can do for you. The best way is to use Purchase Orders in QuickBooks.

Contractors 48

Contractors Accounting Banking Profitability 48

Contractor Bookkeeping

NOVEMBER 7, 2013

Is Freshbooks Accounting not working for your construction company? It is similar to the reason why eventhough a $50 circular saw is a bargain at first, most construction contractors agree it really only works well for handyman doing some minor projects and it simply is not robust enough for a general contractor. Have Change Orders.

Accounting 48

Accounting Construction Contractors Project Management 48

Contractor Bookkeeping

NOVEMBER 1, 2013

Is Xero Accounting Online Not Working For Your Construction Company? It is similar to the reason why a $50 circular saw is a bargain and may work great for a handyman doing some minor projects and yet for a construction contractor it simply is not robust enough to get the job done. Periodic Invoices For Bank draws.

Accounting 48

Accounting Construction Contractors Project Management 48

Contractor Bookkeeping

JULY 24, 2014

When you own a small contracting company, like a residential remodeler, plumber, electrician, concrete contractor, flooring contractor or any other construction related company it is imperative that you have a good clean set of books that are consistent and updated regularly.

Accounting 48

Accounting Construction Contractors Profitability 48

Contractor Bookkeeping

OCTOBER 3, 2014

An Alarming Number Of Construction Company Owners Are. 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. Bookkeeper Embezzlement Can Destroy Your Construction Company And Your Personal Finances.

Accounting 48

Accounting Construction Banking Contractors 48

Contractor Bookkeeping

MARCH 13, 2014

For Your Construction Company. The purpose of this article is to find construction company owners who want to position themselves to take advantage of the coming harvest of pent-up remodel, repair and commercial tenant improvement demand that will occur in the next seven years beginning in 2014 and need help to stay in business now.

Accounting 48

Accounting Construction Contractors Profitability 48

Contractor Bookkeeping

SEPTEMBER 5, 2014

There Are Many Methods To Calculate Breakeven In Construction. This means job costing and job profitability metrics must be used in conjunction with predetermined Universal Common Denominator(s) (UCD). Engaged in only one area of construction. Commercial tenant improvement contractor that does residential remodel projects.

Contractors 48

Contractors Accounting Remodeling Project Management 48

Contractor Bookkeeping

JANUARY 5, 2013

One of the most profitable business resolutions you can make is to start out the New Year by converting your construction company to an S-Corporation because it could reduce your tax burden! Do you see growth in sales and profits in the coming months and years? Do you want to grow your sales and profits?

Income 48

Income Profitability Construction Contractors 48

Contractor Bookkeeping

JANUARY 5, 2013

One of the most profitable business resolutions you can make is to start out the New Year by converting your construction company to an S-Corporation because it could reduce your tax burden! Do you see growth in sales and profits in the coming months and years? Do you want to grow your sales and profits?

Income 48

Income Profitability Construction Contractors 48

Contractor Bookkeeping

MARCH 16, 2013

Seeing the joy on a homeowner's face when the new home is finished or when the big remodel is done gives contractors a lot of satisfaction and feelings of accomplishment. Our contractor clients have an enormous amount of experience, passion, knowledge and skills in Construction. Do any of these things apply to your situation?

Contractors 48

Contractors Cash Flow Profitability Remodeling 48

Contractor Bookkeeping

MARCH 16, 2013

Seeing the joy on a homeowner's face when the new home is finished or when the big remodel is done gives contractors a lot of satisfaction and feelings of accomplishment. Our contractor clients have an enormous amount of experience, passion, knowledge and skills in Construction. Do any of these things apply to your situation?

Contractors 48

Contractors Cash Flow Profitability Remodeling 48

Contractor Bookkeeping

AUGUST 27, 2014

Did someone setup QuickBooks by trying to follow the built in template inside QuickBooks and you figured out you cannot get any of the financial and job costing reports you need to operate and grow your construction company? We Do QuickBooks Setup For Construction Beginning With Year 2000 And Up. For more on this click here.

Contractors 89

Contractors Accounting Work in Progress Profitability 89

Contractor Bookkeeping

SEPTEMBER 20, 2013

QuickBooks Online is a great program for small companies including some non-profit organizations but it is not suited for a serious construction contractor with more than two projects a month and generating more than $500 a year in sales. Profit & Loss statement anytime YOU want it! Bank Balance - Un-cleared Checks) = Cash.

Contractors 48

Contractors Accounting Profitability Overhead 48

Contractor Bookkeeping

JULY 7, 2014

Just because you don''t fully understand everything, you need to know about running a construction company doesn''t mean you shouldn''t be paid a fair price for your work! Reconcile The Bank Accounts. Dispatch Construction Workers. Dispatch Construction Workers. Make Bank Deposits. Credit Card Companies.

Contractors 48

Contractors Accounting Banking Project Management 48

Contractor Bookkeeping

MAY 7, 2014

1 Internal Bookkeeping which is the day-to-day data entry, reconciling bank accounts, credit card accounts, payroll processing and the other tasks with one primary purpose. For more information about the difference between regular accounting and construction accounting click here. #3 Construction Companies That Are Small.

Accounting 48

Accounting Construction Retail Contractors 48

Contractor Bookkeeping

JULY 27, 2012

Over The Past 30+ Years - I have accumulated a variety of terms to describe the construction industry. Aggravation Box - Computer with construction accounting software operated by a trainee. Black Box - Computer with construction accounting software operated by a trainee. Bid Opening - A poker game in which the losing hand wins.

Contractors 63

Contractors Cash Flow Construction Accounting 63

Contractor Bookkeeping

NOVEMBER 25, 2013

Is QuickBooks Enterprise too much and not working for your construction company? QuickBooks Enterprise is a great program for construction contractors doing over $10,000,000 a year in construction work but it may not address your company''s needs Publish well because it is too complex. Periodic Invoices For Bank draws.

Accounting 48

Accounting Contractors Project Management Change Orders 48

Contractor Bookkeeping

NOVEMBER 1, 2013

Is Xero Not Working For Your Construction Company? It is similar to the reason why a $50 circular saw is a bargain and may work great for a handyman doing some minor projects and yet for a construction contractor it simply is not robust enough to get the job done. Periodic Invoices For Bank draws. Have Change Orders.

Accounting 49

Accounting Contractors Project Management Change Orders 49

Contractor Bookkeeping

NOVEMBER 25, 2013

Is Quicken not working for your construction company? It is similar to the reason why eventhough a $50 circular saw is a bargain at first, most construction contractors agree it really only works well for handyman doing some minor projects and it simply is not robust enough for a general contractor. Periodic Invoices For Bank draws.

Accounting 48

Accounting Contractors Project Management Change Orders 48

Contractor Bookkeeping

NOVEMBER 25, 2013

Is Quicken For Mac not working for your construction company? It is similar to the reason why a $50 circular saw is a bargain at first glance yet most construction contractors agree it really only works well for handyman doing some minor projects and it simply is not robust enough for a general contractor. Have Change Orders.

Accounting 48

Accounting Contractors Project Management Change Orders 48

Contractor Bookkeeping

JANUARY 13, 2014

Lately a lot of contractors like you are discovering the need to get better financial and job costing reporting from their accounting software in order to stay competitive and know in advance which jobs to bid on that have a history of making your construction company a reasonable profit and which ones to ignore. Questions to ask.

Contractors 61

Contractors Accounting Project Management Profitability 61

Contractor Bookkeeping

JUNE 12, 2012

Some Of The Best - Framers, drywallers, plumbers, electricians, HVAC mechanics, roofers, landscapers, construction project managers and other tradespeople have become wealthy construction business owners been very successful and I say more power to you! The Four Year Apprenticeship - Is the original college degree.

Washington 54

Washington Accounting Banking Contractors 54

Contractor Bookkeeping

AUGUST 15, 2014

Which QuickBooks Is Best For Your Construction Company? When it is time to file the taxes you generate a Profit & Loss and Balance Sheet and give it to whomever does your tax return. it can destroy your construction company. New Construction Speculative - Land developers, home builders and light commercial builders.

Contract 48

Contract Accounting Income Contractors 48

Contractor Bookkeeping

SEPTEMBER 13, 2013

When you see anyone not swinging a hammer, drilling holes, pouring concrete, laying carpet, putting paint on the walls or a thousand other construction tasks the first thing you think is they are wasting time and money and you want no part of that nonsense! Cash flow and Profit is not accident, it is a result of deliberate action.

Plans 48

Plans Contractors Cash Flow Profitability 48

Contractor Bookkeeping

JANUARY 6, 2014

In The Past You Had To make notes, collect customer information, go to your office, open QuickBooks or whatever construction accounting software you are using, wait for everything to load up and then try to find the paperwork, open the invoice screen and fill it out and if you were lucky you could email it from QuickBooks to your customer.

Accounting 50

Accounting Contractors Work in Progress Banking 50

Contractor Bookkeeping

JULY 28, 2014

Payment Applications For Residential Remodel & Commercial Tenant Improvement Contractors. A lot of construction companies attempt to use QuickBooks to keep track of the job costing have found using our FREE Stand Alone Invoice got the job done Fast and Easy! Learn More About Residential Remodel Payment Applications.

Contractors 48

Contractors Change Orders Accounting Cash Flow 48

Contractor Bookkeeping

JUNE 28, 2013

Step One - Which of the Four Types of Contractors best describe your construction company. Step Two - What type of construction is your construction company involved with? New Construction Speculative - Land developers, home builders and light commercial builders. For a full description of each one click here.

Contractors 48

Contractors Accounting Income Work in Progress 48

Contractor Bookkeeping

FEBRUARY 14, 2014

We have owned and operated several construction companies from the early 1970''s until 2000 and experienced just about every good, bad and ugly thing possible. It has always been and will likely always be that: 95 out of 100 contractors will earn less than 3% net profit. 4 out of 100 contractors will earn between 3%-15% net profit.

FAQ 49

FAQ Contractors Accounting Security 49

Contractor Bookkeeping

JULY 22, 2014

So, if you are a construction contractor using QuickBooks or you have someone in your office using QuickBooks perhaps you should consider investing $599.00 We offer specialized support for construction companies. Professional Construction Bookkeepers with minimum of 10,000 hours of practice. Construction Marketing Resources.

Accounting 49

Accounting Contractors Project Management Washington 49

Contractor Bookkeeping

SEPTEMBER 27, 2012

Outsourced Bookkeeping Services Red Flags For Construction Company Owners. If You Own A Construction Company - Then you understand that construction bookkeeping is one of those mundane, nasty, dirty, aggravating, grubby little chores you get stuck with along with its rotten scoundrel cousin the Quarterly Tax Return.

Contractors 55

Contractors Office Accounting Overhead 55

Buisness Facilities Contributed Content

JULY 11, 2014

Loans may be used for, but not limited to: acquisition or improvement of real property, including interior improvements and remodeling, building façade improvements and signage. The combination of a bank loan and a JDA Loan allows up to 90% financing of a project. Fixed asset loans of up to $20,000 for terms not to exceed seven years.

New York 40

New York Finance Products Transportation 40

Levelset

JULY 18, 2022

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. Read more: The profit roadmap for contractors.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Levelset

JULY 19, 2022

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. Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52