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.

Insurance 48

Insurance Construction Accounting Claims 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

ProcurementExpress.com

JULY 15, 2019

Think about it this way: bringing your purchasing process into the cloud means you can check incoming orders against pending ones, cutting back on duplicates that hurt your bottom line. Process Change Orders Quickly. Most construction orders begin with a contract. Automate P2P. Use Financing to Provide a Cushion.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

ProcurementExpress.com

JULY 15, 2019

Think about it this way: bringing your purchasing process into the cloud means you can check incoming orders against pending ones, cutting back on duplicates that hurt your bottom line. Process Change Orders Quickly. Most construction orders begin with a contract. Automate P2P. Use Financing to Provide a Cushion.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Pro Builder

AUGUST 3, 2021

At the current rate of inflation, an increase in wages or income can’t happen fast enough to mitigate it. (In In fact, inflation increases with wage/income growth, so it’s a vicious circle.) Eliminate last-minute change orders. The only way to solve an affordability problem once it gets out of hand is to drop prices.

Materials 98

Materials Income Industrial Products 98

Autodesk Construction Cloud

AUGUST 12, 2021

Knowing the implications of when and how to accrue income and expenses across multi-year projects is an art in itself. . After developing the codes, you can generally divide them into five categories: labor, materials, subcontracts, equipment, and overhead. . It’s possible that equipment needs will span multiple projects. .

Accounting 52

Accounting Software Software FASB 52

Contractor Bookkeeping

FEBRUARY 14, 2014

The other one is for construction company owners who want an in-depth analysis of the psychological profiles of our Professional Construction Bookkeeping staff with some of the hardware, software and office equipment we use. Multiple Income Contractors: Handyman + General + Remodel. Have Change Orders. Spec Home Builders.

FAQ 49

FAQ Contractors Accounting Security 49

Contractor Bookkeeping

MARCH 13, 2014

During the early part of 2011 we invested thousands of dollars in salaries, equipment, hardware and software to plan, implement and test technology processes that would make it easy for contractors like you all across the U.S.A. to hire us. 20% of them generated results that broke even.

Accounting 48

Accounting Construction Contractors Profitability 48

Contractor Bookkeeping

MAY 13, 2013

Payment Application - Multiple Payments Without Change Order Tracking. Payment Application - Multiple Payments With Change Order Tracking. Equipment Lease Tracking. Heavy Equipment Allocation. Other Income Tracking. Payment Application - Single Payment. Prevailing Wage Reports. Tool Lease Tracking.

Contractors 48

Contractors Leases Schedule Banking 48

Contractor Bookkeeping

MAY 31, 2013

Back In The “Old Days” a set of scales was used – one side for income and other for expenses. Software is a tool, same as your smart phone, iPad, hammers, drills and equipment you get what you pay for no more no less. I keep losing money on change orders can you help stop the money leaks? 2”, 4", 6” or more?

Contractors 48

Contractors Accounting Change Orders Software 48

Contractor Bookkeeping

MAY 31, 2013

Back In The “Old Days” a set of scales was used – one side for income and other for expenses. Software is a tool, same as your smart phone, iPad, hammers, drills and equipment you get what you pay for no more no less. I keep losing money on change orders can you help stop the money leaks? 2”, 4", 6” or more?

Contractors 48

Contractors Accounting Change Orders Software 48

Contractor Bookkeeping

JULY 18, 2012

Often during construction there are a numbe of change orders, addtions and deletions and a lot of the time the homeowner wants to provide certain materials. Whenever there is a large single peice of equipment or part the custom home builder may ask for a deposit before placing the order.

Cash Flow 48

Cash Flow Remodeling Profitability Banking 48