Remove Banking Remove Consulting Remove Project Management Remove Remodeling
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.) Pay Application Invoicing For Remodel Projects. Sales Tax Returns.

Banking 48
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. Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. QuickBooks Works Best If You.

professionals

Sign Up for our Newsletter

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

article thumbnail

Contractor Breakeven Analysis Using QuickBooks

Contractor Bookkeeping

This method is not useful for any contractor outside the parameters given nor is it of any value to contractors engaged in a mix of services for example: Residential remodel contractor that builds spec homes. Commercial tenant improvement contractor that does residential remodel projects. Again if in doubt contact Sharie.

article thumbnail

We Remove Contractors Unique Paperwork Frustrations

Contractor Bookkeeping

Manage The Money. Reconcile The Bank Accounts. Manage Change Orders. Make Bank Deposits. And Manage A Few Hundred More Paperwork Nightmares. Own a trade or specialty Contractor Company (No Remodelers, Builders, Developers). Do You Feel Like These People Are Trying To Take Advantage Of You? Embezzlers.

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. Pay Application Invoicing For Remodel Projects. Pay Applications For Tenant Improvement Projects (TI). We know what to do! We know what to do!

article thumbnail

Leading the Home Building Industry: Pro Builder's 2021 Forty Under 40

Pro Builder

Andrew Owen , 31, Project Manager, Thrive Home Builders, Denver. Carla Ramalho , 31, Product Manager, WernerCo., Accomplishments • Hired as an entry-level draftsman in 2015 and worked up the ranks to become project director. Collaborator and co-author for award-winning project in the 2017 Global LafargeHolcim Awards.

article thumbnail

When Hiring A Construction Accounting Service Makes Sense

Contractor Bookkeeping

When John Doe* (not his real name) opened his residential remodeling company, he did just about everything himself from creating construction proposals to paying the rent, processing payroll, preparing quarterly tax returns, reconciling checking and credit card accounts and paying bills. You Dont Know For Sure Where Your Money is Going.