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Contractor Bookkeeping Vs. Regular Bookkeeping

Contractor Bookkeeping

Business Owners - Need three basic reports, Cash, Profit and Equity. Bank Balance - Un-cleared Checks) = Cash. Assets - Liabilities) = Equity. Expenses - Overhead required to maintain business operations. Example #1 - The contractor asks the bookkeeper "How much money did we make on the John and Mary Doe house remodel?"

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Contractor Accounting Vs. Regular Accounting

Contractor Bookkeeping

Business Owners - Need three basic reports, Cash, Profit and Equity. Bank Balance - Un-cleared Checks) = Cash. Assets - Liabilities) = Equity. Expenses - Overhead required to maintain business operations. Example #1 - The contractor asks the bookkeeper "How much money did we make on the John and Mary Doe house remodel?"

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Construction Bookkeeping Unique Features

Contractor Bookkeeping

Business Owners - Need three basic reports, Cash, Profit and Equity. Bank Balance - Un-cleared Checks) = Cash. Assets - Liabilities) = Equity. -. Expenses - Overhead required to maintain business operations. Bank Account - Escrow Deposits. Bank Account - Operating. Bank Account - Job Deposits.

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QuickBooks Online Converted To QuickBooks Contractors Desktop Online

Contractor Bookkeeping

Business Owners - Need three basic reports, Cash, Profit and Equity. Bank Balance - Un-cleared Checks) = Cash. Assets - Liabilities) = Equity. -. Expenses - Overhead required to maintain business operations. Example #1 - The contractor asks the bookkeeper "How much money did we make on the John and Mary Doe house remodel?"

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

Contractor Bookkeeping

Their primary function is preparing the annual tax return, performing audits and preparing Certified Financial Statements for bank loans and when a construction contractor requires them before issuing a construction bond. Business Owners - Need three basic reports, Cash, Profit and Equity. Bank Balance - Un-cleared Checks) = Cash.

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Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

Contractors, home builders, residential and commercial remodeling company owners let us take care of QuickBooks setup for your contracting company because owning and operating your construction company means you need clear and concise Financial Reports, Job Costing and Job Profitability Reports to survive and thrive. Bank Reconciliations.