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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

The problem is high profit jobs have a way of turning into low or no profit jobs and in some cases they can bankrupt your construction company because you bid the project using whatever model you are accustomed to using and in the end you wind up with cash flow problems. Home Builder Doing A Residential Remodel.

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What Labor Shortage? Not All Home Builders Affected Equally

Pro Builder

The huge increase in national unemployment, if it had arrived in a more typical recessionary period, would have dealt a massive blow to home building, leaving millions in construction among those unable to find work. Yet, here we are, with strong sales, great cash flow, abundant profits, and not enough people to build the homes. .

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Spec Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

You would never hire a construction worker with a background as a handyman to be on your framing crew because they are trained to take their time, lay out tarps in the work area and think about every piece of lumber before cutting and installing it. Nothing is further from the truth.

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Home Builders Who Need To Keep Track Of Specialty Contractor Costs

Contractor Bookkeeping

Construction Accounting Services For Home Builders. Spec Home Builders Have Unique Construction Accounting Needs : Keeping Track Of Specialty Contractor Costs - Is one of the most valuable things your contractors bookkeeping services can do for you. The best way is to use Purchase Orders in QuickBooks.

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What Labor Shortage?

Pro Builder

The huge increase in national unemployment, if it had arrived in a more typical recessionary period, would have dealt a massive blow to home building, leaving millions in construction among those unable to find work. Yet, here we are, with strong sales, great cash flow, abundant profits, and not enough people to build the homes. .

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You Have HUD-1 Statements And Your Bank Wants Financial Statements

Contractor Bookkeeping

You are a spec home builder in need of a construction draw and your bank or lender wants to see your latest financial reports and this time they want all of the current houses you are working on to be reflected in QuickBooks correctly as Work-In-Process (W.I.P.) Not all construction workers are the same.

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Top ten software for estimating and bidding

Construction Cost Estimating

Sage Estimating Sage Estimating can significantly accelerate the estimating process for several construction firms. As soon as the project is procured, estimate details flow automatically into Sage business management software, removing unnecessary tasks and data entry errors. Users can also evaluate subcontractor and supplier quotes.

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