Remove Banking Remove Change Orders Remove Work in Progress
article thumbnail

You Have HUD-1 Statements And Your Bank Wants Financial Statements

Contractor Bookkeeping

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.) We have a FREE change order form you can download here.

Banking 48
article thumbnail

Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

And finally, cloud-based record-keeping means that construction companies can make better predictions about how much to charge clients because all the data is right there–including vendor pricing, past estimates, and records of change orders. Process Change Orders Quickly. Automate P2P.

professionals

Sign Up for our Newsletter

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

article thumbnail

Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

And finally, cloud-based record-keeping means that construction companies can make better predictions about how much to charge clients because all the data is right there–including vendor pricing, past estimates, and records of change orders. Process Change Orders Quickly. Automate P2P.

article thumbnail

What Reports Do Contractors Really Need?

Contractor Bookkeeping

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. QuickBooks Works Best If You. Have Change Orders. Periodic Invoices For Bank draws. Take Job Deposits.

article thumbnail

QuickBooks Vs. Xero Accounting Online For Construction

Contractor Bookkeeping

QuickBooks or Xero Accounting Online for construction depends on how you get paid, the type of work your company does and if you need Job Costing. QuickBooks Works Best If You: Takes Job Deposits. Have Change Orders. Need Work-In-Progress. Need Periodic Invoices For Bank draws.

article thumbnail

Contractors Need Reports Not Bookkeeping

Contractor Bookkeeping

Would it be helpful to know more information than just how much and when the checks cleared the bank? I can download from the banks"…."I I keep losing money on change orders can you help stop the money leaks? We have a process for managing change orders. How high is the stack of paper on your desk?

article thumbnail

Contractors Want Reports Not Bookkeeping

Contractor Bookkeeping

Would it be helpful to know more information than just how much and when the checks cleared the bank? I can download from the banks"…."I I keep losing money on change orders can you help stop the money leaks? We have a process for managing change orders. How high is the stack of paper on your desk?