Contractor Bookkeeping

AUGUST 16, 2013

Assets - Liabilities) = Equity. -. Expenses - Overhead required to maintain business operations. Breakeven - Is fairly easy to calculate because there is a direct relationship between income and expenses on every item. Chart of Accounts Insurance Liability. Chart of Accounts Insurance Liability. Cash On Hand.

Work in Progress 58

Work in Progress Accounting Construction Leases 58

Contractor Bookkeeping

MAY 5, 2014

The Balance Sheet is the summary report which shows all of the assets minus the liabilities which equals the "Book Value" or owner''s equity. 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. Keep The Service Agreement Cash Separate.

Cash Flow 48

Cash Flow Agreement Profitability Contractors 48

Contractor Bookkeeping

JUNE 18, 2013

They understand their target market, they use The 80/20 Rule to understand the demographics and psychographics of their prime customer, the ones who generate 80% of the cash and income. Maybe you began your company with a few friends and relatives and thought your overhead expenses would be low since you worked out of your home.

Contractors 48

Contractors Overhead Insurance Bidding 48

Contractor Bookkeeping

JUNE 12, 2013

Contractors That Do Not Earn Large Profits see contractors bookkeeping services as overhead which leads to the following profit drains: They get a cheap computer, tiny monitor, garbage printer, tiny desk and broken down chair that even the dog would not sit in and tell the bookkeeper this is all the company can afford.

Profitability 48

Profitability Contractors Accounting Estimating 48

Contractor Bookkeeping

AUGUST 27, 2014

Chart of Accounts Payroll Tax Liabilities. Chart of Accounts Insurance Liability. Item List Construction Material Costs. Other Income Tracking. Chart of Accounts Fixed Assets. Chart of Accounts Depreciation. Chart of Accounts Intercompany Transfers. Chart of Accounts Payroll. Chart of Accounts Payroll Taxes.

Contractors 88

Contractors Accounting Work in Progress Profitability 88

Contractor Bookkeeping

AUGUST 9, 2012

In an effort to get their money's worth the contractor assigns all kinds of additional tasks to the bookkeeper like running business and personal errands, pickup and deliver material and paperwork to the jobsite, make coffee, answer the phones, take out the trash and clean the bathroom. Estimated Total = $25,367.28.

Organization 48

Organization Contractors Accounting Profitability 48