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Contractor Bookkeeping Vs. Regular Bookkeeping

Contractor Bookkeeping

Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Sales - Expenses) = Profit. Assets - Liabilities) = Equity. Expenses - Overhead required to maintain business operations. In this case some overhead costs were classified as direct costs and assigned to the job.

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Contractor Accounting Vs. Regular Accounting

Contractor Bookkeeping

Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Sales - Expenses) = Profit. Assets - Liabilities) = Equity. Expenses - Overhead required to maintain business operations. In this case some overhead costs were classified as direct costs and assigned to the job.

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QuickBooks Online Converted To QuickBooks Contractors Desktop Online

Contractor Bookkeeping

QuickBooks Online is a great program for small companies including some non-profit organizations but it is not suited for a serious construction contractor with more than two projects a month and generating more than $500 a year in sales. Profit & Loss statement anytime YOU want it! Profit And Loss Report. Cash On Hand.

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

Contractor Bookkeeping

Their primary function is to review the transactions, reclassify some of them as needed and prepare payroll, monthly tax returns, quarterly tax returns, basic Profit & Loss Reports and Balance Sheet Reports. Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Cash On Hand.

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Construction Bookkeeping Unique Features

Contractor Bookkeeping

Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Sales - Expenses) = Profit. Assets - Liabilities) = Equity. -. Expenses - Overhead required to maintain business operations. Job Profitability Reports. Overhead Allocation To Job Costing. Cash On Hand.

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Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

Let us handle your QuickBooks setup for your contracting company because accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle. Which QuickBooks Reports Will Help You Increase Sales And Profits? Of course you are!