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Common Construction Contractor Bookkeeping Issues With Accounts Payable

Contractor Bookkeeping

The bank wants to get paid, and unlike the contractor who is embarrassed to call an old customer, the bank is very willing to call early and often for any outstanding payments due. The bills keep coming depending on your payment schedule; you may receive the past reminder notice before the original invoice arrives.

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Viewpoint: The Case for Neutral, Third-Party Schedulers | ENR.

ENR Construction

Banking & Credit Crisis. --> Companies. Survey Schedule. Viewpoint: The Case for Neutral, Third-Party Schedulers. I was recently asked to participate in a debate on scheduling specifications at Stanford University. Contractors routinely ignore scheduling specifications and their own CPM schedules.

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PACE Bill Due in Baltimore City

Green Building Law Update

A public hearing is scheduled tomorrow on a Property Assessed Clean Energy (PACE) loan program ordinance in Baltimore City. While Sonoma County was an early innovator, Connecticut has a widely admired statewide green bank program that is up and running and it is the model for Maryland. Maryland is typical.

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Construction Bookkeeping Unique Features

Contractor Bookkeeping

Bank Balance - Un-cleared Checks) = Cash. Assets - Liabilities) = Equity. -. Bank Account - Escrow Deposits. Bank Account - Operating. Bank Account - Job Deposits. Bank Account - Payroll. Bank Account - Operating. Bank Account - Petty Cash. Bank Account - Payroll. Cash On Hand.

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HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

The concept is not new, but nationally, residential PACE programs generally have been put on hold or foregone as a result of concerns of HUD and the Federal Home Loan Banks, that issued a directive in February 2011 to refrain from purchasing mortgage loans secured by properties with outstanding first lien PACE obligations.

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Contractors We Cannot Help

Contractor Bookkeeping

Downloading transactions from the bank works well for a lot of industries; but, NOT construction. There are many different places transactions need to be coded too.

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Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Go To Your Bank - And they offer you a line of credit. Bank Accounts - Set up two bank accounts in your company name. The second bank account is for your debit card you keep in your wallet and has no more than $500 or whatever you need for small purchases during the week. It is a must have to borrow money from a bank.