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Construction Bad Debt What To Do About It

Contractor Bookkeeping

All construction contractors have experienced the financial pain of bad debt which is defined as a customer who refuses to pay no matter what you do. Oddly enough most of them paid the debt years later and all of them were very appreciative that we treated them with courtesy and respect. Knowing The Answers Helps.

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Contractor Cash Flow Problems Caused By A Bookkeeping Troll

Contractor Bookkeeping

Several Washington State Department of Revenue sales tax reports and payments were never filed and paid. He would look at the bank balance in QuickBooks and since it always showed over $100,000 he thought life was grand! Two years later the cheap bookkeeper had turned his QuickBooks into one of the worst disasters I have ever seen.

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Xero Accounting Online Setup Errors Fixed Fast And Easy!

Contractor Bookkeeping

Connect your bank and PayPal feeds. We Can Convert The Following To Xero Accounting: Shoe Box Full Of Paperwork, Receipts And Bank Statements. Chart of Accounts Bad Debts. Chart of Accounts Customer Checks Returned From Bank. Chart of Accounts Financing Costs. Bank Reconciliations. Handwritten Paperwork.

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Contractors Are Renting Rather Than Buying More Equipment.

ENR Construction

Banking & Credit Crisis. --> Companies. Washington Observer. Equipment rentals allow contractors to shift downtime risk while trimming expenses, including licensing, insurance, taxes and debt, among others. Sustainability. Haiti Reconstruction. Economic Stimulus. -->. Safety & Health. Project Delivery. Associations.

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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Furthermore, this cash flow gap may cause you to miss other profit opportunities, damage your credit rating, and force you to take out loans and create debt. Cash flow gaps can be managed with external financing sources. You may not have the cash to pay the bills despite the profits you earned on the sale. Click Here For More.

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Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

Chart of Accounts Bad Debts. Chart of Accounts Customer Checks Returned From Bank. Chart of Accounts Financing Costs. Bank Reconciliations. 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.

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State by State Incentives Guide

Buisness Facilities Contributed Content

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. ALABAMA - updated for 2014. They are: The Renewal Program.

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