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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

You have what appears to be a high profit job and now you are thinking you have it made and I hope you are right! The most common situation is when a residential remodel contractor who has built a reputation and a substantial company generating profits of 15% or more decides to start building custom homes.

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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. It is easy to run reports to determine which items are profitable and unprofitable and make adjustments quickly as needed. All Bookkeeping Methods Share The Same Accounting Equations. Cash On Hand.

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Small And Micro Construction Companies Have Unique Bookkeeping Needs

Contractor Bookkeeping

You would never hire a construction worker with a background in new construction commercial work to help you with a delicate residential remodeling project because they are trained to rip and tear, yell, get aggressive and bully everyone and everything in their way. Pay Application Invoicing For Remodel Projects. Quarterly Tax Returns.

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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. It is easy to run reports to determine which items are profitable and unprofitable and make adjustments quickly as needed. All Accounting Methods Share The Same Accounting Equations. Cash On Hand.

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Commercial Tenant Improvement Contractors Have Unique Bookkeeping Needs

Contractor Bookkeeping

QuickBooks Setup - And choosing the correct QuickBooks Version is the most critical part of all because it is the foundation upon which your entire financial system is built. What You Can Expect From Our Remodel Contractor Bookkeeping Services: Professional Bookkeepers with over 10,000 hours of practice. We know what to do!

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Spec Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

They could do a fine job, the only question is how long would it take and would you be able to sell the house and make a profit? QuickBooks Setup - And choosing the correct QuickBooks Version is the most critical part of all because it is the foundation upon which your entire financial system is built. We know what to do!

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Home Builders Who Need To Keep Track Of Specialty Contractor Costs

Contractor Bookkeeping

They could do a fine job, the only question is how long would it take and would you be able to sell the house and make a profit? QuickBooks Setup - And choosing the correct QuickBooks Version is the most critical part of all because it is the foundation upon which your entire financial system is built. We know what to do!