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Latest Trend, Bookkeeper Works For Contractor That Goes Bankrupt

Contractor Bookkeeping

No construction company goes bankrupt that had useful accurate Financial Statements and Job Costing Reports that they understood and paid attention to because they would have seen bankruptcy coming well enough ahead of time to avoid it. And Job Costing Bankruptcy Is A Matter Of Time!

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Unique Construction Company Financing Secrets Revealed

Contractor Bookkeeping

1 Your Profit & Loss and Balance Sheet Reports do not conform to financial industry standards. #2 5 You don''t have a formal documented Business Plan with a budget and projections. In particular, your construction company Profit & Loss and Balance Sheet. Do your best to avoid raising any red flags.

Finance 48
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Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

Their primary function is to review the transactions, reclassify some of them as needed and prepare payroll, monthly tax returns, quarterly tax returns, basic Profit & Loss Reports and Balance Sheet Reports. Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Regular Accounting.

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Stop Bookkeeper Embezzlement In Your Construction Company

Contractor Bookkeeping

Being Ripped-Off And Driven Into Bankruptcy! I say that with all due respect to egg heads since I am an egg-head with several degrees and certifications in Accounting, Construction Accounting and Project Management. An Alarming Number Of Construction Company Owners Are. That sounds harsh but it is true!

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Scam Artists Are Calling Contractors Claiming To Be From The IRS

Contractor Bookkeeping

This has been a popular and from all indications a very profitable swindle because it appears to be getting worse. For the reasons outlined above some construction company owners have a nagging concern about when they will be found out and be faced with major fines, penalties and possible bankruptcy and in a few cases prison sentences.

IRS 48
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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. Innovation Or Bankruptcy. profit went straight to the bottom line.

FAQ 49
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Contractor's Bookkeeping Causes Regular Bookkeepers To Panic!

Contractor Bookkeeping

Somewhere within the first two weeks the regular bookkeeper figures out there is either a lot of money in the checking account and everything looks rosy or there is no money in the checking account and they fear the contractor may be on the verge of bankruptcy. In most cases neither one is true. Visit [link] to learn more.