Remove Accounting Remove Insurance Remove Work in Progress
article thumbnail

Job Costing Accounting Vs. Regular Accounting

Contractor Bookkeeping

There is some confusion about the differences between job costing accounting and regular accounting which leads some contractors to believe they can get what they need from any bookkeeper and the cheaper the better. Two Basic Types Of Accounting. #1 Tax Accountants are good people and have a place in the accounting world.

article thumbnail

Essential BIM Terminology

Viewpoint Construction Technology

It focuses on professional indemnity insurance issues. It assists the employer in defining what is required from each team member, monitors their progress, validates data entry, and records who has done what and when. Configuration Status Accounting. It accounts for the status and implementation of proposed changes.

BIM 189
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Xero Accounting To QuickBooks Conversion For Construction Companies

Contractor Bookkeeping

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. Need Complex Construction Accounting Reports. Xero Accounting Online Works Best If You: Have Simple Jobs With One Invoice.

article thumbnail

Invoice With Your Smartphone And QuickBooks Or Xero Accounting Online

Contractor Bookkeeping

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.

article thumbnail

Construction Bookkeeping Unique Features

Contractor Bookkeeping

All Accounting Uses The Accounting Equation. Regular Bookkeeping - Is roughly 80% of all accounting for businesses in the world. Construction Bookkeeping - Is roughly 15% of all accounting and Accounting with manufacturing making up roughly 5%. Construction Accounting Titles = 233. Bank Account - Operating.

article thumbnail

Is Your Accountant Helping Or Hurting Your Construction Company?

Contractor Bookkeeping

The Traveling Bookkeeper had a deep distrust of contractors, as do most regular accountants and regular bookkeepers. Work-In-Progress. Inland Marine Insurance. Having been involved in Construction Accounting for over thirty years I understand it completely. When my parents used words like: Job Deposit. Underground.

article thumbnail

Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

QuickBooks Premier Accountant 2000 And Up. If your QuickBooks setup was done by a QuickBooks Expert in construction accounting and maintained correctly you are riding high and living well! The Chart of Accounts is the foundation and if your Chart of Accounts is not setup right you will not have anywhere to put the transactions.