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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

The most common situation is when a residential remodel contractor who has built a reputation and a substantial company generating profits of 15% or more decides to start building custom homes. Or the opposite a home builder who decides to branch out into residential remodeling. Home Builder Doing A Residential Remodel.

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You Have HUD-1 Statements And Your Bank Wants Financial Statements

Contractor Bookkeeping

You are a spec home builder in need of a construction draw and your bank or lender wants to see your latest financial reports and this time they want all of the current houses you are working on to be reflected in QuickBooks correctly as Work-In-Process (W.I.P.) Pay Application Invoicing For Remodel Projects. Sales Tax Returns.

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Spec Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

Spec Home Builders - Need people trained in construction bookkeeping who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. What You Can Expect From Our Remodel Contractor Bookkeeping Services: Professional Bookkeepers with over 10,000 hours of practice. We know what to do!

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Home Builders Who Need To Keep Track Of Specialty Contractor Costs

Contractor Bookkeeping

Spec Home Builders - Need people trained in construction accounting who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. Pay Application Invoicing For Remodel Projects. We spent years and thousands of dollars developing a process that works with QuickBooks.

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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. Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Take Job Deposits.

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QuickBooks Pro And QuickBooks Contractors Training Programs Webinars

Contractor Bookkeeping

His construction experience includes new construction, commercial tenant improvement, residential remodel, service and repair, Commercial Journeyman Plumber (PL01) and owner operator of several construction companies, Project Management Professional and construction accountant. Lesson 04: Working with Bank Accounts.

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QuickBooks Pro And QuickBooks Contractors Training Program Classroom

Contractor Bookkeeping

His construction experience includes new construction, commercial tenant improvement, residential remodel, service and repair, Commercial Journeyman Plumber (PL01) and owner operator of several construction companies, Project Management Professional and construction accountant. Lesson 04: Working with Bank Accounts.