Contractor Bookkeeping

JANUARY 6, 2014

The Old Way Contractors Invoiced the jobs were sometimes just as much or more work than doing of the job itself. Construction Contractors Have Two Choices depending on what you are most comfortable with, QuickBooks Desktop Version In The Cloud or Xero Accounting Online. Xero Accounting Online. Need Work-In-Progress.

Accounting 54

Accounting Contractors Work in Progress Banking 54

Contractor Bookkeeping

NOVEMBER 1, 2013

Is Xero Accounting Online Not Working For Your Construction Company? Xero Accounting Online is a great program for small contractors but it may not the power to do what you need it to do. QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits. Periodic Invoices For Bank draws.

Accounting 49

Accounting Construction Contractors Project Management 49

Contractor Bookkeeping

SEPTEMBER 27, 2013

You are a spec home builder in need of a construction draw and your bank or lender wants to see your latest financial reports and this time they want all of the current houses you are working on to be reflected in QuickBooks correctly as Work-In-Process (W.I.P.) Work In Progress (WIP) Reporting. Sales Tax Returns.

Banking 50

Banking Change Orders Accounting Cash Flow 50

Contractor Bookkeeping

DECEMBER 11, 2013

1 Cash On Hand - This report shows you how much cash do you have in all your checking accounts, savings accounts, payroll accounts, hip national bank (your wallet) and petty cash box in your office. Xero Accounting Online To The Rescue! Periodic Invoices For Bank draws. Xero Accounting Online Conversion.

Contractors 55

Contractors Accounting Banking Project Management 55

Contractor Bookkeeping

OCTOBER 18, 2012

If you are a construction accountant like me you would love it. If your QuickBooks setup was done by a QuickBooks Expert in construction accounting and maintained correctly you are riding high and living well! Chart of Accounts Direct Construction Costs. Chart of Accounts Indirect Construction Costs.

Work in Progress 49

Work in Progress Accounting Profitability Insurance 49

Contractor Bookkeeping

JUNE 10, 2013

If you are a construction accountant like me you would love it. If your QuickBooks setup was done by a QuickBooks Expert in construction accounting and maintained correctly you are riding high and living well! Chart of Accounts Direct Construction Costs. Chart of Accounts Indirect Construction Costs.

Work in Progress 49

Work in Progress Accounting Profitability Insurance 49

Contractor Bookkeeping

JANUARY 27, 2014

Construction Accounting Services For Home Builders. Spec Home Builders Have Unique Construction Accounting Needs : Keeping Track Of Specialty Contractor Costs - Is one of the most valuable things your contractors bookkeeping services can do for you. The best way is to use Purchase Orders in QuickBooks.

Contractors 50

Contractors Accounting Banking Profitability 50

Contractor Bookkeeping

JUNE 22, 2012

Construction Accounting - Is our special expertise which means all of my writing is addressed to members of the construction industry and how we can help them with QuickBooks Setup, QuickBooks Clean-Up and Cloud Based Online Bookkeeping Services. . #1 We really appreciate working with C.P.A.'s We work closely with C.P.A.

Profitability 48

Profitability Contractors Accounting Banking 48

Contractor Bookkeeping

JULY 18, 2012

Spec Home Builders - Need people trained in construction bookkeeping who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. Professional Construction Accounting Firms - Have a Bookkeeping System to generate the same results every time. Work In Progress (WIP) Reporting.

Banking 55

Banking Remodeling Profitability Drawings 55

Contractor Bookkeeping

JUNE 28, 2013

During QuickBooks setup and especially QuickBooks for contractors one of the most dangerous and difficult steps is setting the Chart of Accounts. Sample Chart of Accounts Groups. All Other Contractors - Will normally only need accounts from group #2 and #3. Are there any back charge issues to be tracked?

Contractors 48

Contractors Accounting Income Work in Progress 48

Contractor Bookkeeping

JULY 24, 2014

These days, contractors are under increased pressure to cut their prices to get enough work. For example, suppose you decide to upgrade your contractor bookkeeping software from shoeboxes full of receipts or spreadsheets to a computer based construction accounting software like QuickBooks. Work In Progress (WIP) Reporting.

Contractors 50

Contractors Accounting Banking Project Management 50

Contractor Bookkeeping

AUGUST 30, 2013

Sometimes their investment advisors and bankers find it hard to believe they are generating such unusually high profit margins and yet the numbers speak for themselves and the bankers can verify business banking activity. Work-In-Progress (W.I.P.). Invite Your Construction Bookkeeper To A Jobsite For Half A Day. Job Scheduling.

Profitability 48

Profitability Contractors Accounting Cash Flow 48

Contractor Bookkeeping

JULY 22, 2014

The Fast Easy Outsourced Accounting Difference: All of your Outsourced Accounting work is done in our office in Lynnwood Washington, not sent oversees or to some Bad Bookkeepers house. Flat Rate Pricing For Outsourced Bookkeeping And Outsourced Accounting. Work In Progress (WIP) Reporting.

Accounting 51

Accounting Contractors Project Management Washington 51

Contractor Bookkeeping

NOVEMBER 7, 2013

Is Freshbooks Accounting not working for your construction company? Freshbooks Accounting is a great program for small contractors but it may not the power to do what you need it to do. If this describes you then perhaps QuickBooks Desktop Version In The Cloud is a better fit for you than Freshbooks Accounting.

Accounting 49

Accounting Construction Contractors Project Management 49

Contractor Bookkeeping

NOVEMBER 1, 2013

Is Xero Not Working For Your Construction Company? Xero Accounting is a great program for small contractors but it may not the power to do what you need it to do. Periodic Invoices For Bank draws. Need Complex Construction Accounting Reports. Xero Works Best If You: Have Simple Jobs With One Invoice.

Accounting 50

Accounting Contractors Project Management Change Orders 50

Contractor Bookkeeping

MAY 25, 2013

At the end of a job when you deposit the final check into the bank do you look at your current balance and wonder where all the money went? Accounting Terms. costs in proper asset sub-accounts. Earned value reports are for journal entries offsetting contra-accounts in over/under billing. accounts in the Chart of Accounts.

Profitability 51

Profitability Accounting Construction Schedule 51

Contractor Bookkeeping

MAY 31, 2013

Would it be helpful to know more information than just how much and when the checks cleared the bank? There are accounting systems that deal with both quantity and quality. The Accounting Software You Need Depends On The Level Of Reports You Require. I can download from the banks"…."I High Employee Training Costs.

Contractors 49

Contractors Accounting Change Orders Software 49

Contractor Bookkeeping

MAY 31, 2013

Would it be helpful to know more information than just how much and when the checks cleared the bank? There are accounting systems that deal with both quantity and quality. The Accounting Software You Need Depends On The Level Of Reports You Require. I can download from the banks"…."I High Employee Training Costs.

Contractors 48

Contractors Accounting Change Orders Software 48

Contractor Bookkeeping

OCTOBER 4, 2013

Follow This Step-By-Step Process: #1 Find A Commercial Banker You Can Work With. Go to your bank and ask to speak with the commercial banker. Every bank has one and they can be one of your most powerful allies and mentors. The really good news they are on the banks payroll.

Profitability 49

Profitability Construction Accounting Cash Flow 49

Contractor Bookkeeping

NOVEMBER 25, 2013

QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits. Periodic Invoices For Bank draws. Need Complex Construction Accounting Reports. QuickBooks Enterprise Works Best If You: Have multiple companies and need consolidated reports. Enter all of your Accounts Receivable (Sales). Need Help Now?

Accounting 49

Accounting Contractors Project Management Change Orders 49

Contractor Bookkeeping

NOVEMBER 25, 2013

QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits. Periodic Invoices For Bank draws. Need Complex Construction Accounting Reports. Quicken Works Best If You: Have Simple Jobs With One Invoice. Enter all of your Accounts Receivable (Sales). Enter all of your Accounts Payable (Purchases).

Accounting 49

Accounting Contractors Project Management Change Orders 49

Contractor Bookkeeping

NOVEMBER 25, 2013

QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits. Periodic Invoices For Bank draws. Need Complex Construction Accounting Reports. Quicken For Mac Works Best If You: Have Simple Jobs With One Invoice. Enter all of your Accounts Receivable (Sales). Work In Progress (WIP) Reporting.

Accounting 49

Accounting Contractors Project Management Change Orders 49

Contractor Bookkeeping

MAY 7, 2014

In reality bookkeeping is a bit like being a doctor; they work on two makes and one model and yet they require enormous amounts of skill and training. 1 Internal Bookkeeping which is the day-to-day data entry, reconciling bank accounts, credit card accounts, payroll processing and the other tasks with one primary purpose.

Accounting 48

Accounting Construction Retail Contractors 48

Contractor Bookkeeping

JULY 18, 2012

Custom Home Builders - Need people trained in construction bookkeeping who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. Custom Home Building - Is similar to other construction accounting because the custom home builder accumulates costs in the Cost of Goods area of QuickBooks.

Cash Flow 48

Cash Flow Remodeling Profitability Banking 48

Contractor Bookkeeping

AUGUST 15, 2014

QuickBooks - Is a tool like any other tool in the hands of a Master Construction Accountant it can do marvelous things that will amaze even the toughest contractor, their banker and performance bonding agent. In the hands of an accountant or C.P.A. it can destroy your construction company.

Contract 49

Contract Accounting Income Contractors 49

Contractor Bookkeeping

FEBRUARY 14, 2014

If you are a remodel contractor your core competencies revolve around bidding, proposing, closing deals, getting a deposit, scheduling the work, hiring construction workers and qualified sub-contractors, getting the work done and collecting the balance of your money. Who will service my account? & P.A.M.". Can my C.P.A.

FAQ 50

FAQ Contractors Accounting Security 50

ProcurementExpress.com

JULY 15, 2019

There’s a lot to be said about the impact automation can have on processes like accounts payable, procurement, and more. On the accounting side, AP can quickly review pending orders and make notes in real-time, rather than circling back to ask a worker or a project manager for the context of an order placed months ago.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

ProcurementExpress.com

JULY 15, 2019

There’s a lot to be said about the impact automation can have on processes like accounts payable, procurement , and more. On the accounting side, AP can quickly review pending orders and make notes in real-time, rather than circling back to ask a worker or a project manager for the context of an order placed months ago.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Contractor Bookkeeping

MARCH 25, 2014

Also, a professional producer will be able to introduce you to other professionals and consultants, such as accountants and attorneys who can help grow your business. By far, the most important thing you can do in preparing these financial statements is to use an accountant which has specific construction-industry experience.

Cash Flow 53

Cash Flow Accounting Profitability Work in Progress 53