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Everyone Wants in on Housing Flipping

Pro Builder

And fixer-uppers face rising building material costs and scarcity. Mortgage trusts, pensions, hedge funds, private-equity firms, investment banks and insurance companies all want so-called flip loans, drawn by yields in the range of 8% to 12% at a time when one-year Treasurys pay less than 0.1%. Remodeling. Read More. .

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Construction Bad Debt What To Do About It

Contractor Bookkeeping

In school when you sat for an exam or a test and you knew the material forwards and backwards it was fast and easy. You can offer financing by getting a merchant account setup at a bank and/or credit union that will offer to loan your construction client''s money for small projects. Knowing The Answers Helps. "If

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professionals

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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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The Most Important Employee In Your Construction Company Is You!

Contractor Bookkeeping

You make a few sales, buy material, fuel, paid your cell phone bill, figured out state and local taxes and paid them! I’m hoping you had “A Lot” and a high net income as that is the purpose of being in business for yourself. As A Sole Proprietor All Your Net Income Is Subject To Payroll Tax! Second only to the Bad Bookkeeper!

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You Are The Most Important Employee In Your Construction Company

Contractor Bookkeeping

You make a few sales, buy material, fuel, paid your cell phone bill, figured out state and local taxes and paid them! I’m hoping you had “A Lot” and a high net income as that is the purpose of being in business for yourself. As A Sole Proprietor All Your Net Income Is Subject To Payroll Tax! Second only to the Bad Bookkeeper!

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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. Do you remodel existing homes and commercial spaces?

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Serious And Funny Construction Definitions Contractors Enjoy Reading

Contractor Bookkeeping

Assets of Company - Cash / Receivables – Payables / Trucks / Tools / Equipment / Material. BCA Business Coach - Someone who helps you raise your level of thinking and income. BPM – Business Process Management for construction company owners to grow passive income streams.