Contractor Bookkeeping Vs. Regular Bookkeeping
Contractor Bookkeeping
JUNE 18, 2012
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. Example #2 - The contractor asks the bookkeeper "How much money did we make on the Bob and Sally house remodel?"
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