article thumbnail

Construction Bad Debt What To Do About It

Contractor Bookkeeping

All construction contractors have experienced the financial pain of bad debt which is defined as a customer who refuses to pay no matter what you do. Oddly enough most of them paid the debt years later and all of them were very appreciative that we treated them with courtesy and respect. Knowing The Answers Helps.

Debt 49
article thumbnail

Contractors Unique Contribution To Society Is Enormous

Contractor Bookkeeping

Thank You Residential Remodel Contractors for repurposing our homes to meet the needs of our constantly changing lifestyles. It is because of the commitment of men and women like you to step out of your comfort zone and start a construction company and work it that we owe you all a great debt of gratitude. And May God Bless You All!

professionals

Sign Up for our Newsletter

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

Trending Sources

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. Bank Reconciliations.

article thumbnail

Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

At that, sadly, is during the bankruptcy proceedings or at the auction where their entire construction company is being sold for pennies on the dollar to pay off some of the mountain of debt they accumulated. Example #1 - The contractor asks the bookkeeper "How much money did we make on the John and Mary Doe house remodel?"

article thumbnail

Contractor's Unique Business Plan Outline

Contractor Bookkeeping

None of my contractor friends who are in debt up to their ears do it. ( New, remodel, service and repair? #3 About The Author: Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. When you were a child you enjoyed surprises but not in your construction company. See Leveling ).

Plans 48
article thumbnail

New York Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Loans may be used for, but not limited to: acquisition or improvement of real property (including interior improvements and remodeling), building façade improvements and signage. Debt refinancing, tax delinquency, employee benefit arrearage. Projects may also include Industrial Effectiveness consulting and or worker skills training.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

million loan participation program fostering business expansion and job creation in Arizona by providing debt financing for small businesses (in collaboration with private finance partners). AZ Fast Grant: Up to $7,500 grant to pay for consulting services to advance Arizona-based technology companies. WORKFORCE DEVELOPMENT.

Income 108