Contractor Bookkeeping Vs. Regular Bookkeeping
Contractor Bookkeeping
JUNE 18, 2012
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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