article thumbnail

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.

article thumbnail

Small And Micro Construction Companies Have Unique Bookkeeping Needs

Contractor Bookkeeping

You would never hire a construction worker with a background in new construction commercial work to help you with a delicate residential remodeling project because they are trained to rip and tear, yell, get aggressive and bully everyone and everything in their way. Pay Application Invoicing For Remodel Projects. Quarterly Tax Returns.

professionals

Sign Up for our Newsletter

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

article thumbnail

Commercial Tenant Improvement Contractors Have Unique Bookkeeping Needs

Contractor Bookkeeping

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. What You Can Expect From Our Remodel Contractor Bookkeeping Services: Professional Bookkeepers with over 10,000 hours of practice. We know what to do!

article thumbnail

Spec Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

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. What You Can Expect From Our Remodel Contractor Bookkeeping Services: Professional Bookkeepers with over 10,000 hours of practice. Job Deposit Tracking.

Banking 54
article thumbnail

How to Start a Plumbing Business: 9 Tips for Growth

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Keep the cash flowing through your financial pipes. Here’s a little-known fact about growing a plumbing business: It can be incredibly cash-hungry. Review your cash flow regularly.

article thumbnail

Home Builders Who Need To Keep Track Of Specialty Contractor Costs

Contractor Bookkeeping

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. Pay Application Invoicing For Remodel Projects. Quarterly Tax Returns. Sales Tax Returns. Payroll Processing. Payroll Tax Returns, 941 and 940.

article thumbnail

Construction Processes To Reduce Injuries And Increase Production

Contractor Bookkeeping

Parts of the foundation and supporting beams and columns needed massive repairs. We invested over one hundred hours putting together a commercial remodeling project plan which included all new phone lines, data cabling and an alarm system. This means they increased profits and cash flow by making or saving money.

Injury 48