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Unique Construction Company Financing Secrets Revealed

Contractor Bookkeeping

You Want Money; Banks Want To Lend Money, What''s The Problem? Multiply That By 100,000 And You Will Begin To Understand Why Banks Seem So Tight Fisted About Loaning Money. Banks stay in business is by loaning money and earning interest. Think of all the times: You loaned money to a friend or relative.

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Why Your Construction Company Needs Bookkeeping

Contractor Bookkeeping

This means all legitimate banks; lenders and bonding companies have access to massive data bases which can make judgments about your Construction Company but only if you present the Profit & Loss Reports and Balance Sheet Reports in a format they can use. Click Here For More.

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Job Costing Accounting Vs. Regular Accounting

Contractor Bookkeeping

QuickBooks File And The IRS is something you should be aware of and how important it is more than ever to have everything in your QuickBooks clean and up to date. Equipment auctions and listen to contractors explain why the bank repossessed everything. Tax Accounting i s important and so is the tail on a dog!

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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Outflows for your Construction Company are generally the result of paying labor, material, other direct and indirect costs of goods sold and overhead expenses. Profit is a useful figure for calculating your taxes and reporting to the IRS. Please contact us and we can help you with it. Is Cash Flow The Same As Profit?