Remove Cash Flow Remove Drawings Remove Insurance Remove Work in Progress
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Or have you done extra work that wasn’t covered by a change order? In addition to monitoring your work in progress, study your estimating and profit histories. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance.

article thumbnail

Spec Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

Spec Home Builders - Need people trained in construction bookkeeping who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. Work In Progress (WIP) Reporting. Insurance Audit Support Service. We know what to do! Sales Tax Returns. Payroll Processing.

Banking 54
professionals

Sign Up for our Newsletter

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

article thumbnail

Home Builders Who Need To Keep Track Of Specialty Contractor Costs

Contractor Bookkeeping

Spec Home Builders - Need people trained in construction accounting who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. Work In Progress (WIP) Reporting. Insurance Audit Support Service. We know what to do! Sales Tax Returns. Payroll Processing.

article thumbnail

We Work With CPA's, Bankers, Advisers To Increase Contractor Profits

Contractor Bookkeeping

1 Commercial Banker - Someone to help you manage cash flow and put your cash to work earning interest with sweep accounts and other banking tools. We really appreciate working with C.P.A.'s A good commercial attorney will draw up employment agreements, construction contracts, review insurance policies and more.

article thumbnail

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.) Work In Progress (WIP) Reporting. Sales Tax Returns.

Banking 49
article thumbnail

Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

In ancient Greece, Socrates argued that education was about drawing out what was already within the student. "I A good commercial attorney will draw up employment agreements, construction contracts, review insurance policies and more. Working for customers instead of clients and not charging enough (The 80-20 Rule).

article thumbnail

Custom Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

Custom Home Builders - Need people trained in construction bookkeeping who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. Work In Progress (WIP) Reporting. Insurance Audit Support Service. We know what to do! Sales Tax Returns. Payroll Processing.