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. Does this sound familiar?

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

FMI Releases Q2-2012 Construction Outlook Report | Business.

Contractor Magazine

Remodeling. FMI , the largest provider of management consulting and investment banking to the engineering and construction industry, releases the second quarter 2012 Construction Outlook Report. Pipefitting. Piping Contractor. Hydronics Hydronics Systems. Radiant Heating. Green Geothermal. Green Mechanical Awards. IR Cameras.

article thumbnail

Construction Leads – So Many Leads, So Little Time!

Construction Marketing

We’ll identify other national construction lead services, regional lead services, (local) contractor/remodeler lead services, government lead services, and finally other lead services including equipment lease and architectural specification directories. They counterclaim that RCD itself hired a consultant to access the Dodge database.

article thumbnail

We Remove Contractors Unique Paperwork Frustrations

Contractor Bookkeeping

Reconcile The Bank Accounts. Make Bank Deposits. Own a trade or specialty Contractor Company (No Remodelers, Builders, Developers). This Is One More Example of how Fast Easy Accounting is helping construction company owners just like you put more money in the bank to operate and grow your construction company. 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. We spent years and thousands of dollars developing a process that works with QuickBooks. We know what to do!