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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. Bank Account - Escrow Deposits. Bank Account - Operating. Bank Account - Job Deposits. Bank Account - Payroll. Bank Account - Operating.

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Choosing QuickBooks Version For Your Contracting Company

Contractor Bookkeeping

QuickBooks Pro - Is great for contractors acting as Sole Proprietor with annual sales under $100,000 who simply need a way to keep track of basic income and expenses. When you spend money record it in the check register as an expense and when you receive money record it as income.

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FAQ's About Outsourced Contractors Bookkeeping Services

Contractor Bookkeeping

It includes a brief overview of our outsourced contractors bookkeeping system that allows us to service a number of combinations of construction companies including: One Income Contractors: Handyman Services. Multiple Income Contractors: Handyman + General + Remodel. QuickBooks Works Best If You: Takes Job Deposits.

FAQ 49
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Steps To Obtaining A Surety Bond

Contractor Bookkeeping

Having an established bank line-of-credit generally provides sureties with this comfort; References – Sureties typically want letters of recommendation from subcontractors, owners, architects, and engineers on your completed projects. These schedules will list important financial issues on your bonded projects.

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Contractors Need Reports Not Bookkeeping

Contractor Bookkeeping

Would it be helpful to know more information than just how much and when the checks cleared the bank? Back In The “Old Days” a set of scales was used – one side for income and other for expenses. I can download from the banks"…."I How high is the stack of paper on your desk? 2”, 4", 6” or more? It’s cheap!"…."I Absolutely!

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Contractors Want Reports Not Bookkeeping

Contractor Bookkeeping

Would it be helpful to know more information than just how much and when the checks cleared the bank? Back In The “Old Days” a set of scales was used – one side for income and other for expenses. I can download from the banks"…."I How high is the stack of paper on your desk? 2”, 4", 6” or more? It’s cheap!"…."I Absolutely!