Remove Banking Remove Drawings Remove Work in Progress
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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.) Work In Progress (WIP) Reporting.

Banking 48
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Spec Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

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. Work In Progress (WIP) Reporting. We know what to do! Job Deposit Tracking. Quarterly Tax Returns. Sales Tax Returns. Payroll Processing.

Banking 54
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Home Builders Who Need To Keep Track Of Specialty Contractor Costs

Contractor Bookkeeping

Spec Home Builders - Need people trained in construction accounting who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. Work In Progress (WIP) Reporting. We know what to do! Job Deposit Tracking. Quarterly Tax Returns. Sales Tax Returns. Payroll Processing.

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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. Periodic Invoices For Bank draws. Xero Accounting Online Works Best If You.

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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. Need Work-In-Progress. Need Periodic Invoices For Bank draws. Connect your bank and PayPal feeds.

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Tax Accountant Bookkeeping Helps You or Makes Annual Tax Return Easy

Contractor Bookkeeping

They are referred to and reviewed over and over by banks and others. For Example - Income can be all of the deposits from bank statements which may have come from a single z-tape each day. One shortcut is downloading transactions directly from the bank. Do you write a paper check that is manually presented to the bank?

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Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

Chart of Accounts Work-In-Progress For Land Developers. Chart of Accounts Work-In-Progress For Land Development Into Lots. Chart of Accounts Work-In-Progress For Spec Builders. Chart of Accounts Work-In-Progress For Spec Home Into Rentals. Chart of Accounts Customer Checks Returned From Bank.