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. Edward Deming, Michael Gerber, Walter A.

Contractors 48

Contractors Accounting Cash Flow Profitability 48

Contractor Bookkeeping

FEBRUARY 28, 2014

Education is the foundation for shifting paradigm. Cash flow issues kill contractors even though they have profit. Poor scheduling affects production and cash flow. Work-In-Progress (WIP) report the ultimate gauge for cash flow and least understood. 3 Refreeze - Close the portals of your mind for now.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

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. Back Office Support Can Make Or Break Your Contracting Company and that is where we come in. Follow Randal on Google+.'

Contractors 48

Contractors Accounting Profitability Cash Flow 48

DebunkTheBIM

AUGUST 28, 2015

The small operators lug the costs of working in a volatile industry, expensive tools, taxes and regulations, uneven cash-flow, bad weather. The ones employed by large corporations are burdened by disproportionally large armies of managers with often disproportionally large income expectations.

BIM 48

BIM Cash Flow Industrial IDEA 48

Contractor Bookkeeping

NOVEMBER 18, 2013

There are an infinite number of reasons why most construction companies do not generate a minimum 20% net profit and a six figure after tax income for the owners. And we go over and over how the foundation of a successful construction company is good solid financial reports. What Gets Measured Gets Managed! Follow Randal on Google+.'

Accidents 48

Accidents Accounting Construction Profitability 48

Contractor Bookkeeping

JUNE 22, 2012

So we tend to mentor contractors in the early phases until they get the financial foundation in place and start making money. 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

Profitability 48

Profitability Contractors Accounting Banking 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. You do what you promise and they will pay you, no questions asked and they are the foundation for high profit repeat customers. I Have An Idea. I Need A Favor.

Change Orders 48

Change Orders Contractors Cash Flow Profitability 48

Contractor Bookkeeping

AUGUST 11, 2014

Financial Reports Were Worthless Profit & Loss Reports showed massive income because Cost of Goods Sold (COGS) accounts were understated. This One Bookkeeper Error Caused the contractor to OVERPAY HIS ANNUAL INCOME TAX. The Key Colum - Is the Percentage (%) of Income. Education is the foundation for shifting paradigm.

Profitability 48

Profitability Contractors Accounting Income 48

Contractor Bookkeeping

OCTOBER 4, 2013

Education is the foundation for shifting paradigm. 3 Your Income Tax Return Preparer. You can learn a lot about investing and run some scenarios that will show you how much income you will need to retire and develop an action plan. Cash flow issues kill contractors even though they have profit.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Contractor Bookkeeping

JANUARY 2, 2015

Tax Advantages For LLC or a Sub S - If you do not setup your corporation correctly the profit or loss from your business will be passed through to the owners as normal income. All large income and expenses go through one account and keep the debit card in your personal safe. Partnerships Are The Only Ships - Designed to sink.

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

AUGUST 13, 2014

Knowledge Leads To Profits And Cash Flow. When You Come - To my office and start complaining about how much you are paying more in income tax since working with us than you used to earn in a year that makes me very happy! What Makes Knowledge Powerful? Use Of Knowledge! Edward Deming, Michael Gerber, Walter A.

Contractors 48

Contractors Accounting Profitability CA 48

Contractor Bookkeeping

JUNE 20, 2014

Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. Since the LLC or Sub S does not pay state or federal income tax (as separate business entities), you may be able to save money over a Sole Proprietorship; no double taxation. Get cash coming in early and often.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

MARCH 13, 2014

Six keys helped us out perform other contractors in terms of cash flow and profit year after year regardless of the economic conditions: I was raised in a construction family. Shewhart, James Lewis and dozens of others was the foundation upon which our Construction Bookkeeping System is based and continues to evolve and improve.

Accounting 48

Accounting Construction Contractors Profitability 48

Contractor Bookkeeping

AUGUST 9, 2012

QuickBooks Setup - And choosing the correct QuickBooks Version is the most critical part of all because it is the foundation upon which the construction company's entire financial system is built. Eventually the contractor goes bankrupt from cash flow issues or is faced with three responses; fight, flight or replacement.

Organization 48

Organization Contractors Accounting Profitability 48

Buisness Facilities Contributed Content

APRIL 15, 2014

The allocation to each Public University which makes application shall be based on each Public University’s federally financed research and development expenditures as reported by the National Science Foundation. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The Research Program.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

Income 75

Income Finance Zoning Equipment 75

Contractor Bookkeeping

JULY 18, 2012

QuickBooks Setup - And choosing the correct QuickBooks Version is the most critical part of all because it is the foundation upon which your entire financial system is built. For a short while the deposit is actually a liability not income until the part is futher along in the process. We know what to do!

Cash Flow 48

Cash Flow Remodeling Profitability Banking 48