Banking Contractors Liability Profitability 
Contractor Bookkeeping
SEPTEMBER 29, 2017
I know this is not a statement that any contractor wants to hear about their bookkeeping. The primary keeper of all the documents is you, your spouse, your employees, your suppliers, your bank, your credit card company. General Liability Insurance Provider. Financials statements are based on the information you provided.
Levelset
JUNE 6, 2022
Construction projects rely on contractors completing the work they started and meeting the design intent. In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor.
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Contractor Bookkeeping
JUNE 21, 2012
The Larger Your Construction - Business grows the more likely you could end up operating like a bank without the hundreds of ways to generate revenues from fee income and interest calculation that banks use. What Often Happens - Is that contractors hate paperwork preferring to keep everything in their head.
Contractor Bookkeeping
MAY 5, 2014
The Balance Sheet is the summary report which shows all of the assets minus the liabilities which equals the "Book Value" or owner''s equity. Owner’s equity is in theory what would be left over if you liquidated the company, sold the assets and paid all of the debts or liabilities. Business Process Management (BPM) For Contractors.
Contractor Bookkeeping
AUGUST 27, 2014
QuickBooks For Contractors Setup. We Fix Bad QuickBooks For Contractors Setup Issues. Let us handle your QuickBooks setup for your contracting company because accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle.
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. Assets - Liabilities) = Equity. Example #1 - The contractor asks the bookkeeper "How much money did we make on the John and Mary Doe house remodel?"
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. Assets - Liabilities) = Equity. Example #1 - The contractor asks the bookkeeper "How much money did we make on the John and Mary Doe house remodel?"
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