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Contractors Are Skilled In Construction But Not Usually In Construction Accounting

Contractor Bookkeeping

Almost every Contractor understands how to do basic repairs and remodels on a house. Is it a kitchen remodel, a bath remodel, upgrading the laundry area? Perhaps you tracked everything with bank statements and Excel sheets and it worked fine for a while. As the project grows it gets a little more complicated.

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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

A lot of problems can be traced back to the "Halo Effect" which happens when a contractor thinks "We are so good at (fill in the blank) we should expand into (fill in the blank). Or the opposite a home builder who decides to branch out into residential remodeling. Home Builder Doing A Residential Remodel.

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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. The short video below shows side by side the basic Financial Reports contractors really need in living color. Take Job Deposits.

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Checklist for Hiring a Builder or Remodeler

Green Home Design Architect

If you are building a new home or addition, or remodeling your home, use this checklist to help you select a builder to perform the work. Does the builder or remodeler have a permanent business location and a good reputation with local banks and suppliers? Will the builder/remodeler provide you with names of previous customers?

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Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

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.

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Contractor Breakeven Analysis Using QuickBooks

Contractor Bookkeeping

Breakeven For Contractors - Is very difficult to calculate because most projects are one-of-a-kind custom jobs. The Method Shown In This Article Applies To The Following Contractors: 1-20 employees. Commercial tenant improvement contractor that does residential remodel projects. QuickBooks Premier Contractor.

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We Remove Contractors Unique Paperwork Frustrations

Contractor Bookkeeping

If you do you are not alone, many contractors feel that way. Owning a construction company is so much different from just working for another construction contractor and in most cases, new contractors had no idea what was involved in the business end of the operation before they started. Reconcile The Bank Accounts.