Remove Banking Remove IRS Remove Overhead Remove Profitability
article thumbnail

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. Five Red Flags To Avoid.

Finance 48
article thumbnail

Why Your Construction Company Needs Bookkeeping

Contractor Bookkeeping

There is a lot of information to be gained when you compare this year’s Profit & Loss to the prior year because it will alert you to trends early enough to respond rather than reacting after it is too late and help establish profit and sales goals.

professionals

Sign Up for our Newsletter

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

article thumbnail

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. Is Cash Flow The Same As Profit? While they might seem similar, profit and cash flow are two entirely different concepts, each with entirely different results.

article thumbnail

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. Construction accountants think holistically because Job Costing Reports are not the same as Profit and Loss reports. Job Costing Reports are accumulated horizontally.