Remove Banking Remove Inventory Remove Profitability Remove Remodeling
article thumbnail

Spec Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

They could do a fine job, the only question is how long would it take and would you be able to sell the house and make a profit? 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. We know what to do!

Banking 54
article thumbnail

Home Builders Who Need To Keep Track Of Specialty Contractor Costs

Contractor Bookkeeping

They could do a fine job, the only question is how long would it take and would you be able to sell the house and make a profit? 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. We know what to do!

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

QuickBooks Online Converted To QuickBooks Contractors Desktop Online

Contractor Bookkeeping

No Inventory Reporting. QuickBooks Online is a great program for small companies including some non-profit organizations but it is not suited for a serious construction contractor with more than two projects a month and generating more than $500 a year in sales. Profit & Loss statement anytime YOU want it! Payroll Issues.

article thumbnail

Is Your Bookkeeping Service Overcharging Your Construction Company?

Contractor Bookkeeping

1 Internal Bookkeeping which is the day-to-day data entry, reconciling bank accounts, credit card accounts, payroll processing and the other tasks with one primary purpose. Profitable Construction - Companies have known about the value of outsourced bookkeeping services for a long time and now you know about it too!

article thumbnail

FAQ's About Outsourced Contractors Bookkeeping Services

Contractor Bookkeeping

It has always been and will likely always be that: 95 out of 100 contractors will earn less than 3% net profit. 4 out of 100 contractors will earn between 3%-15% net profit. 1 out of 100 contractors will earn in excess of 15% net profit. profit went straight to the bottom line. Residential Remodel Contractors.

FAQ 49
article thumbnail

New York Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Loans may be used for, but not limited to: upgrading display lighting; advertising and promotion; payroll for additional staff and training; purchase of computers to enhance inventory control; and the purchase of display cabinets, furniture and fixtures. The combination of a bank loan and a JDA Loan allows up to 90% financing of a project.

article thumbnail

Custom Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

They could do a fine job, the only question is how long would it take and would you be able to charge the homeowner enough to make a substaintial profit? Custom 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.