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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Retention can be withheld on residential or commercial projects and on both public and private projects. Both retention accounts are shown as current assets and current liabilities, respectively. Plus, not recording retention payable leads to the understating of a company’s liabilities. Fariba Mehdian. View profile.

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Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. Software & Technology. Connecting in Construction » Green Construction & Construction Software. From residential building to corporate construction, new technologies and standards are evolving every day. LEED Certification and Construction Software. STRATEGY |. MANAGEMENT |. ACCOUNTING |.

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Construction Jobsite Safety: Strategies and Resources for Worker Well-Being

Pro Builder

Consider these elements of a training and awareness program to save lives, mitigate injuries, and reduce liability and costs . Simply, liability for injuries and fatalities extends to the builder under OSHA’s Multi-Employer Citation Policy, notes Edwin G. Jobsite safety is critical for workers and for your home building company.

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How to Start a Roofing Business: 9 Tips to Grow & Thrive

Levelset

It’s an excellent time to consider starting a roofing company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for the roofing industry, which is expected to grow revenues by around 1% annually for the next five years. . Get clear on your customers.

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Why Your Construction Company Needs Bookkeeping

Contractor Bookkeeping

When you own a small contracting company, like a residential remodeler, plumber, electrician, concrete contractor, flooring contractor or any other construction related company it is imperative that you have a good clean set of books that are consistent and updated regularly.

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How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

It’s an excellent time to consider starting a painting company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for painters. You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC).

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Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

Contractors, home builders, residential and commercial remodeling company owners let us take care of QuickBooks setup for your contracting company because owning and operating your construction company means you need clear and concise Financial Reports, Job Costing and Job Profitability Reports to survive and thrive. Chart of Accounts Taxes.