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Contractor Sucess M.A.P. Podcast

Contractor Bookkeeping

Because your contracting company wants to generate passive income streams so you can have the freedom to do what you really want to do with your life. QuickBooks setup for construction was wrong 2. We Are Construction Success Experts Guiding Contractors Just Like You All Across The U.S.A Alaska And Hawaii How To Use M.A.P.

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Do Contractors Need Every QuickBooks Feature?

Contractor Bookkeeping

The Next Two Profit & Loss Reports Show Accrual Vs. Cash And % of Income. The Percentage Of Income Is very Useful For: #1 Comparing changes year over year. #2 There are Five Key Performance Indicator Reports that when looked at every day can double, triple or more your construction company annual profits and cash reserves.

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Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

His banker was a blunt and told him that if he wanted to stay in the construction business he needed to have accurate Profit & Loss, Balance Sheet and Job Costing Reports. It was obvious to us QuickBooks Setup was done by someone with very little if any experience in accounting let alone construction accounting.

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Choosing QuickBooks Version For Your Contracting Company

Contractor Bookkeeping

Which QuickBooks Is Best For Your Construction Company? QuickBooks Pro - Is great for contractors acting as Sole Proprietor with annual sales under $100,000 who simply need a way to keep track of basic income and expenses. When you spend money record it in the check register as an expense and when you receive money record it as income.

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Unique Contractor Investment Can Exceed 100% Return

Contractor Bookkeeping

For Example Let''s Look At One Field Worker Named Henry: Here Is What Happens - Your construction worker, Henry Rockerman, may or may not have a hearty breakfast before coming to work at the construction site depending on a variety of factors outside your control and perhaps his too. How is spending money going to make me money?

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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Cash flow is the lifeblood of any construction company and especially the ones with annual sales volume under $1,000,000. Some construction Company experts even say that a healthy cash flow is more important than your contracting company''s ability to complete projects! What Makes Up Your Construction Company Cash Flow?

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Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

Did someone setup QuickBooks by trying to follow the built in template inside QuickBooks and you figured out you cannot get any of the financial and job costing reports you need to operate and grow your construction company? We Do QuickBooks Setup For Construction Beginning With Year 2000 And Up. Of course you are! User Permissions.