article thumbnail

What is Project Loss Insurance?

Levelset

Employees often can’t afford to carry the weight of potential losses on a project, so PLI offers them a way to soften the blow. It can also mitigate the losses caused by employee error, useful when training an estimator or project manager or when there’s a change in ownership. How project loss insurance works.

article thumbnail

Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

Contractors, home builders, residential and commercial remodeling company owners let us take care of QuickBooks setup for your contracting company because owning and operating your construction company means you need clear and concise Financial Reports, Job Costing and Job Profitability Reports to survive and thrive.

professionals

Sign Up for our Newsletter

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

article thumbnail

Xero Accounting For Contractors Free Review Of Setup And Reporting

Contractor Bookkeeping

Later when the contractor asks for a job costing report, retention summary or a work-in-progress report the contractor''s bookkeeper gives that blank stare, deer in the headlights look and is overwhelmed, confused, dismayed and generally feeling as uncomfortable as long tailed cat in a room full of rocking chairs.

article thumbnail

QuickBooks Vs. Xero Accounting Online For Construction

Contractor Bookkeeping

QuickBooks or Xero Accounting Online for construction depends on how you get paid, the type of work your company does and if you need Job Costing. QuickBooks Works Best If You: Takes Job Deposits. Need Work-In-Progress. Xero Accounting Online Works Best If You: Need To Get Paid Faster And Easier. Monthly reporting.

article thumbnail

Xero Accounting Online For Contractors No Charge Review

Contractor Bookkeeping

Later when the contractor asks for a job costing report, retention summary or a work-in-progress report the contractor''s bookkeeper gives that blank stare, deer in the headlights look and is overwhelmed, confused, dismayed and generally feeling as uncomfortable as long tailed cat in a room full of rocking chairs.

article thumbnail

What Reports Do Contractors Really Need?

Contractor Bookkeeping

Options for time keeping and project management. He is experienced as a Contractor, Project Management Professional, Construction Accountant, Intuit ProAdvisor, QuickBooks For Contractors Expert and Xero Accounting Specialist. His exhaustive study of several leading experts including the work of Dr.

article thumbnail

Is Your Bookkeeping Service Overcharging Your Construction Company?

Contractor Bookkeeping

2 Construction which is roughly 15% of all bookkeeping and accounting and includes serving the needs of general contractors, builders, residential and commercial remodelers, specialty trade contractors and about fifty more contractor types. His exhaustive study of several leading experts including the work of Dr.