Contractor Bookkeeping

JANUARY 2, 2015

We Are QuickBooks Experts Specializing In Construction. Did You Quit Your Job - And start your own construction company only to discover you need a contractor’s license and bond. Did You Ask A Friend Or Relative - To loan you some start-up capital and they agreed on condition you become equal partners in your construction company.

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

OCTOBER 4, 2013

Starting Or Re-Starting A Construction Company Is Easy. Secret #01 Decide What You Want From Your Construction Company. Action Step - 01: On a peice of paper type and print or hand write a description of what you want from your construction company and put it into a three ring binder. If You Know Exactly What To Do.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Contractor Bookkeeping

SEPTEMBER 1, 2014

We agree with half of that statement; contractors need to pay their fair share of taxes but not until they absolutely have too for two reasons: #1 Paying bills early hurts cash flow. #2 The Next Two Profit & Loss Reports Show Accrual Vs. Cash And % of Income. This may sound too good to be true and yet it is not.

Contractors 48

Contractors Accounting Cash Flow Profitability 48

Contractor Bookkeeping

JUNE 20, 2014

Let Us Help Reduce Construction Business Start Up Stress. We Are QuickBooks Experts Specializing In Construction Bookkeeping Services. You Quit Your Job - And started a construction business only to discover you need a contractor’s license and bond. Consult with a construction attorney and follow their advice.

Insurance 48

Insurance Construction Accounting Claims 48

ProcurementExpress.com

AUGUST 12, 2019

Construction daily reports are a vital part of managing construction projects. Free Download: What to Include in a Daily Report Template Click Here. Why Do Construction Daily Reports Matter? It’s worth mentioning that construction daily reports can deviate from the terms laid out in the contract. Click To Tweet.

Documentation 81

Documentation Contract Site Budgeting 81

Contractor Bookkeeping

MAY 28, 2014

Can Help You Overcome the challenges of Marketing, Accounting and Production by focusing on the keys to unlock your contracting company natural inclination to generate consistently high cash flow and profits. QuickBooks setup for construction was wrong 2. Strategy To Operate And Grow Their Construction Contracting Company.

Contractors 48

Contractors Accounting Profitability Cash Flow 48

Contractor Bookkeeping

FEBRUARY 28, 2014

Your Construction Contracting Company. Is your Construction Company Process Dependent Or People Dependent? Is your Construction Company Process Dependent Or People Dependent? There is no one right answer; it depends on what you want from your construction company. Money Is The Main Reason You Own And Operate.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Contractor Bookkeeping

NOVEMBER 30, 2012

Sometimes having a few additional business expenses may make the difference in what your tax bracket your net income falls into on your personal return. Definition of Business Equipment, typically a construction contractor will think about their “Tools Of The Trade” which translates into what is needed on the job.

Equipment 50

Equipment Cash Flow Construction Banking 50

Contractor Bookkeeping

MARCH 13, 2014

For Your Construction Company. The purpose of this article is to find construction company owners who want to position themselves to take advantage of the coming harvest of pent-up remodel, repair and commercial tenant improvement demand that will occur in the next seven years beginning in 2014 and need help to stay in business now.

Accounting 48

Accounting Construction Contractors Profitability 48

Contractor Bookkeeping

MAY 2, 2013

Part of the root cause can be traced to a mild case of "Stockholm Syndrome" where contractors feel their cash flow may be held captive by their customers or clients. This is harsh but true from my experience as a contractor and now as a construction accountant. The 80-20 Rule For Financial Success In Construction.

Change Orders 48

Change Orders Contractors Cash Flow Profitability 48

ProcurementExpress.com

AUGUST 12, 2019

Construction daily reports are a vital part of managing construction projects. content_upgrade cu_id=”4553″]Free Download: What to Include in a Daily Report Template[content_upgrade_button]Click Here[/content_upgrade_button][/content_upgrade]. Why Do Construction Daily Reports Matter?

Documentation 52

Documentation Contract Site Budgeting 52

ProcurementExpress.com

JANUARY 2, 2019

Let me tell you about Construction’s Secret Weapon. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

Contractor Bookkeeping

AUGUST 11, 2014

His banker was a blunt and told him that if he wanted to stay in the construction business he needed to have accurate Profit & Loss, Balance Sheet and Job Costing Reports. It was obvious to us QuickBooks Setup was done by someone with very little if any experience in accounting let alone construction accounting.

Profitability 48

Profitability Contractors Accounting Income 48

Contractor Bookkeeping

AUGUST 13, 2014

Knowledge Leads To Profits And Cash Flow. For Example Let''s Look At One Field Worker Named Henry: Here Is What Happens - Your construction worker, Henry Rockerman, may or may not have a hearty breakfast before coming to work at the construction site depending on a variety of factors outside your control and perhaps his too.

Contractors 48

Contractors Accounting Profitability CA 48

ProcurementExpress.com

JANUARY 2, 2019

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. How Does WIP Fit into the Construction Business?

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Contractor Bookkeeping

JUNE 15, 2012

Let Us Help Reduce Construction Business Start Up Stress. You Quit Your Job - And started a construction business only to discover you need a contractor’s license and bond. Spending Time To Set Up - Your construction company properly will save you grief, time, money and pay you dividends in the future.

Contractors 48

Contractors Insurance Claims Lien 48

Autodesk Construction Cloud

JUNE 10, 2022

It’s all about workflow–and if you’re not thinking about maximizing construction workflows, you’re missing out on key efficiencies. So, what separates a good construction workflow from a poor one? Interested in learning how to better benchmark your construction workflow? ” Download Now. Why does it matter?

Construction 52

Construction Management BIM Project Management 52

Contractor Bookkeeping

AUGUST 9, 2012

Destroy Construction Company Owners Lives! Not all in house construction bookkeepers are rotten. We are no longer in construction having decided to focus 100% on our construction accounting practice since early 2000. Warning This Article Is Tough On Bookkeepers Who Abuse Their Bosses! Proceed With Caution If You Dare!

Organization 48

Organization Contractors Accounting Profitability 48