Contractor Bookkeeping
AUGUST 6, 2014
1 Your Profit & Loss and Balance Sheet Reports do not conform to financial industry standards. #2 According to the FBI [link] in 1931, the IRS took down the alleged gangster Al Capone by “Reverse Engineering” his financials using some of the tools provided by The Risk Management Association. Five Red Flags To Avoid. #1
Contractor Bookkeeping
JULY 24, 2014
There is a lot of information to be gained when you compare this year’s Profit & Loss to the prior year because it will alert you to trends early enough to respond rather than reacting after it is too late and help establish profit and sales goals.
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Contractor Bookkeeping
AUGUST 29, 2014
Outflows for your Construction Company are generally the result of paying labor, material, other direct and indirect costs of goods sold and overhead expenses. Is Cash Flow The Same As Profit? While they might seem similar, profit and cash flow are two entirely different concepts, each with entirely different results.
Contractor Bookkeeping
JUNE 11, 2013
QuickBooks File And The IRS is something you should be aware of and how important it is more than ever to have everything in your QuickBooks clean and up to date. Construction accountants think holistically because Job Costing Reports are not the same as Profit and Loss reports. Job Costing Reports are accumulated horizontally.
Building Information Management
SEPTEMBER 18, 2015
The contractor’s coefficient is based on cost elements such as overhead, profit, minimum design costs, G&A expenses, bond premiums, and gross receipt taxes. Interagency usage can serve to reduce the overhead associated with multiple acquisitions. Use of Multiple Award Contracts to Buy Information Technology (IT).
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