Contractor Bookkeeping
SEPTEMBER 23, 2013
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.
ProcurementExpress.com
JANUARY 2, 2019
In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. But, procurement , project management, and the C-suite should all monitor WIP closely. Meaning, they’ve likely paid for most of the materials, labor, and overhead a while back.
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Contractor Bookkeeping
AUGUST 29, 2013
an hour plus overhead. For Our Financial Analyst , financial manager and economist and statistician friends reading this I know what you are thinking: What about the Present Value? How will it affect the debt to equity ratio? What about discount rates? What about the opportunity costs? What about borrowing costs?
ProcurementExpress.com
JANUARY 2, 2019
In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. But, procurement, project management, and the C-suite should all monitor WIP closely. Where things get tricky is, construction companies often get paid for the project well after completion.
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. This means you will send a plumbing drain technician to clean the main drain of the restaurant four times a year at a cost to your company of $75 for labor and overhead each = $300.
Contractor Bookkeeping
FEBRUARY 5, 2014
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. Expenses - Overhead required to maintain business operations. Cost of Goods Sold - If they sell products with 1-4 categories.
Contractor Bookkeeping
AUGUST 13, 2014
If You Could Harness And truly understand even half of the information contained within your existing QuickBooks company file and I mean truly understood it, you could easily become a wealthy enough to be debt free and be living the lifestyle you truly deserve in five years or less. One Tiny Bit Of Knowledge High Profit Contractors.
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