Remove Banking Remove Debt Remove Foundation Remove Income
article thumbnail

Phases of Commercial Real Estate Development

Construction Marketing

Developers must understand the various financing options, such as traditional bank loans, private equity, and government programs. It sets the foundation for the project and ensures that all aspects of the project are properly coordinated and that all necessary approvals are obtained. You must secure financing for the project.

article thumbnail

Construction Bookkeeping Unique Features

Contractor Bookkeeping

Bank Balance - Un-cleared Checks) = Cash. Breakeven - Is fairly easy to calculate because there is a direct relationship between income and expenses on every item. They form the foundation of a Business Process Improvement Plan and Construction Business Strategy. Bank Account - Escrow Deposits. Bank Account - Operating.

professionals

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

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. The income from the service agreement is $600 - your cost $300 = $300 additional income. In fact, it is not even necessary to recognize it as income until the work is done.

article thumbnail

Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

The Chart of Accounts is the foundation and if your Chart of Accounts is not setup right you will not have anywhere to put the transactions. Chart of Accounts Bad Debts. Chart of Accounts Customer Checks Returned From Bank. Bank Reconciliations. Other Income Tracking. User Permissions. Chart of Accounts Payroll.

article thumbnail

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. Bank Reconciliations. Other Income Tracking. Set up your Chart of Accounts.

article thumbnail

Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Other examples of cash inflows are borrowed funds, income derived from sales of assets, and investment income from interest. The concept of profit is somewhat broad and only looks at income and expenses over a certain period, say a fiscal quarter. Cash is king! If this mistake is repeated enough times, you may go bankrupt.

article thumbnail

Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

Their primary function is to read the incoming paperwork (electronic and hard copy) and follow a pre-determined set of rules and guidelines to put each transaction where it needs to go in QuickBooks or Xero Accounting Online depending on which accounting software the construction contractor is using. Bank Balance - Un-cleared Checks) = Cash.