Remove Consulting Remove Hawaii Remove Income Remove Schedule
article thumbnail

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 Call Sharie 206-361-3950 or sharie@fasteasyaccounting.com and schedule your no charge one-hour consultation. Call Sharie 206-361-3950.

article thumbnail

Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

Insurance Audit Support (Business Consulting And Accounting Office). Your company Schedule of Values. Schedule of Values For Job Costing. QuickBooks Default Schedule of Values. Fixed List Of Your company Schedule of Values. Your company Schedule of Values For Each Project. Other Income Tracking.

professionals

Sign Up for our Newsletter

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

article thumbnail

Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

Financial Reports Were Worthless Profit & Loss Reports showed massive income because Cost of Goods Sold (COGS) accounts were understated. This One Bookkeeper Error Caused the contractor to OVERPAY HIS ANNUAL INCOME TAX. The Key Colum - Is the Percentage (%) of Income. We recommend consulting a tax specialist.

article thumbnail

Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Other examples of cash inflows are borrowed funds, income derived from sales of assets, and investment income from interest. The concept of profit is somewhat broad and only looks at income and expenses over a certain period, say a fiscal quarter. Cash is king! Some cash flow gaps are intentional. Call Sharie 206-361-3950.

article thumbnail

Unique Contractor Investment Can Exceed 100% Return

Contractor Bookkeeping

When You Come - To my office and start complaining about how much you are paying more in income tax since working with us than you used to earn in a year that makes me very happy! Call Sharie 206-361-3950 or sharie@fasteasyaccounting.com and schedule your no charge one-hour consultation. Call Sharie 206-361-3950.

article thumbnail

Choosing QuickBooks Version For Your Contracting Company

Contractor Bookkeeping

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.

article thumbnail

FAQ's About Outsourced Contractors Bookkeeping Services

Contractor Bookkeeping

History is repeating itself and we are seeing a lot construction firms are being run by men and women with university degrees and they are bringing faster schedules, safer projects, better quality, more communications, better technology, all at much lower prices. Including Alaska And Hawaii. Innovation Or Bankruptcy. Land Developers.

FAQ 49