Contractor Bookkeeping

AUGUST 29, 2014

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. Narrowing, or even closing, these gaps is the key to cash flow management.

Cash Flow 48

Cash Flow Management Contract Accounting 48

Contractor Bookkeeping

MAY 5, 2014

Owner’s equity is in theory what would be left over if you liquidated the company, sold the assets and paid all of the debts or liabilities. The income from the service agreement is $600 - your cost $300 = $300 additional income. In fact, it is not even necessary to recognize it as income until the work is done.

Cash Flow 48

Cash Flow Agreement Profitability Contractors 48

ProcurementExpress.com

JANUARY 2, 2019

But, procurement , project management, and the C-suite should all monitor WIP closely. Or, worse, your company could go into debt should things slow down later in the year. bctt tweet=”By analyzing your WIP figures, you will also be able to drill down into inventory management and add further controls to your internal processes.”

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

ProcurementExpress.com

JANUARY 2, 2019

But, procurement, project management, and the C-suite should all monitor WIP closely. Here’s a little more about why you should consider this metric outside of the accounting context: 5 Things to Include In Your WIP Report– Click here to download this free guide Click Here. How Does WIP Fit into the Construction Business?

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Contractor Bookkeeping

AUGUST 13, 2014

I Do Like Managed Risks - Which is anything I can control the input and have a greater than breakeven chance of making a profit. 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! Need Help Now?

Contractors 48

Contractors Accounting Profitability CA 48

Contractor Bookkeeping

AUGUST 27, 2014

Chart of Accounts Bad Debts. Other Income Tracking. QuickBooks Premier Contractors Edition provides a running scorecard of Key Performance Reports and when used with Business Process Management Tools like what 10 minutes of waste costs their company. Click On The Button Below To Download A Free Guide.

Contractors 88

Contractors Accounting Work in Progress Profitability 88

Contractor Bookkeeping

FEBRUARY 5, 2014

Their primary function is to read the incoming paperwork (electronic and hard copy) and follow a pre-determined set of rules and guidelines to put each transaction where it needs to go in QuickBooks or Xero Accounting Online depending on which accounting software the construction contractor is using. The System Is The Solution.

Accounting 48

Accounting Construction Profitability Contractors 48