Remove Foundation Remove Leases Remove Overhead Remove Work in Progress
article thumbnail

Construction Bookkeeping Unique Features

Contractor Bookkeeping

Expenses - Overhead required to maintain business operations. Expenses - Overhead is extremely complex because some expenses in regular Accounting are actually Cost of Goods Sold in construction accounting. They form the foundation of a Business Process Improvement Plan and Construction Business Strategy. Customer Profile List.

article thumbnail

Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

The Chart of Accounts is the foundation and if your Chart of Accounts is not setup right you will not have anywhere to put the transactions. Chart of Accounts Work-In-Progress For Land Developers. Chart of Accounts Work-In-Progress For Land Developers. Chart of Accounts Work-In-Progress For Spec Builders.

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

Choosing QuickBooks Version For Your Contracting Company

Contractor Bookkeeping

You need QuickBooks to track all your construction and overhead costs and generate Bank Draws and Work-In-Progress (WIP) reports against budgeted estimates to monitor progress which we have in our QuickBooks Setup. The great news is that from our client’s point of view everything just works fast and easy so they love it!

article thumbnail

FAQ's About Outsourced Contractors Bookkeeping Services

Contractor Bookkeeping

QuickBooks or Xero Accounting Online for construction depends on how you get paid, the type of work your company does and if you need Job Costing. QuickBooks Works Best If You: Takes Job Deposits. Need Work-In-Progress. Have Change Orders. Issues Multiple Invoices. Need Job Costing Reports. Need Payment Applications.

FAQ 49