Contractor Bookkeeping

OCTOBER 4, 2013

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. The really good news they are on the banks payroll.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Contractor Bookkeeping

DECEMBER 20, 2013

Online invoicing and bill paying and is saving contractors in ### time and money by streamlining their entire processes which means they and getting paid faster and putting more money in the bank to operate and grow their construction company. Everyday more of your competitors are jumping on the online banking bandwagon.

Profitability 48

Profitability Accounting Construction Security 48

Green Building Law Update

SEPTEMBER 30, 2018

And you should really care because GRESB data is incredibly valuable not only for institutional investors in real estate on the East and West coasts of North America, but also for banks, brokerages and a host of others interested in risk and returns in a broader breadth of real estate owning entities. Green Building Council, Inc.

Sustainability 185

Sustainability Green DC Infrastructure 185

Contractor Bookkeeping

MAY 5, 2014

The price of a service agreement must pay for the corresponding maintenance and whatever is left after the cost of material, labor and other costs is gross profit. Successful contractors put the cash in another interest bearing bank account and do not transfer any of it until the work is performed.

Cash Flow 48

Cash Flow Agreement Profitability Contractors 48

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.) Does this sound familiar? and not in Cost of Goods Sold (COGS) or Expenses.

Banking 48

Banking Change Orders Accounting Cash Flow 48

Contractor Bookkeeping

SEPTEMBER 25, 2013

If you are doing construction work in Washington State You can start here https://fortress.wa.gov/lni/bbip/Search.aspx - mobile app is coming. In Washington State you can do it through The Department of Labor And Industries. Washington State Licenses [link]. Is your #1 Favorite Customer adding / taking profits or cash flow?

Contractors 49

Contractors Cash Flow Washington Compensation 49

Contractor Bookkeeping

NOVEMBER 25, 2013

All Work Is Done In Lynnwood Washington. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Daily reconciliation of bank feeds. We can do it all for you: Enter all of your year to date transactions.

Accounting 49

Accounting Banking Project Management Washington 49

Contractor Bookkeeping

DECEMBER 3, 2013

Connect your bank and PayPal feeds. We Can Convert The Following To Xero Accounting: Shoe Box Full Of Paperwork, Receipts And Bank Statements. Chart of Accounts Customer Checks Returned From Bank. Bank Reconciliations. Washington State Cities Business And Occupation Tax Reporting - Monthly. Handwritten Paperwork.

Accounting 48

Accounting Washington Leases Insurance 48

Contractor Bookkeeping

JANUARY 27, 2014

They could do a fine job, the only question is how long would it take and would you be able to sell the house and make a profit? 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. We know what to do!

Contractors 48

Contractors Accounting Banking Profitability 48

Contractor Bookkeeping

OCTOBER 30, 2013

Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Daily reconciliation of bank feeds. QuickBooks Is Best If You: Take Job Deposits. Have Change Orders. Weekly reporting.

Accounting 48

Accounting Banking Construction Project Management 48

Contractor Bookkeeping

DECEMBER 3, 2013

Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Daily reconciliation of bank feeds. QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits.

Accounting 48

Accounting Contractors Banking Project Management 48

Contractor Bookkeeping

OCTOBER 30, 2013

Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Daily reconciliation of bank feeds. QuickBooks Is Best If You: Take Job Deposits. Have Change Orders. Weekly reporting.

Accounting 49

Accounting Banking Project Management Software 49

Contractor Bookkeeping

DECEMBER 5, 2013

Review Personal Bank Statements - Business. Review Business Bank Statements – Personal. Reconcile Bank And Credit Card Accounts. Verify Profit And Loss - Does It Make Sense? Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Connect your bank and PayPal feeds.

Accounting 55

Accounting Banking Project Management Contractors 55

Contractor Bookkeeping

JUNE 12, 2012

The Strategic Side Of Your Construction Business - Bookkeeping, monthly and quarterly tax returns, sales tax returns, Labor and Industries payroll tax returns, reconciling the checking account with the bank to know how much cash is available, paying bills and collecting money gets in the way of the real work; the tactical side.

Washington 54

Washington Accounting Banking Contractors 54

Contractor Bookkeeping

AUGUST 6, 2014

You Want Money; Banks Want To Lend Money, What''s The Problem? Multiply That By 100,000 And You Will Begin To Understand Why Banks Seem So Tight Fisted About Loaning Money. Banks stay in business is by loaning money and earning interest. In particular, your construction company Profit & Loss and Balance Sheet.

Finance 48

Finance Accounting Construction Banking 48

Contractor Bookkeeping

NOVEMBER 25, 2013

Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Daily reconciliation of bank feeds. QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits.

Accounting 49

Accounting Banking Project Management Contractors 49

Contractor Bookkeeping

MAY 28, 2014

Can Help You Overcome the challenges of Marketing, Accounting and Production by focusing on the keys to unlock your contracting company natural inclination to generate consistently high cash flow and profits. QuickBooks clean up to make the check register match the bank statement 3. QuickBooks setup for construction was wrong 2.

Contractors 48

Contractors Accounting Profitability Cash Flow 48

Contractor Bookkeeping

NOVEMBER 25, 2013

Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Daily reconciliation of bank feeds. QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits.

Accounting 48

Accounting Banking Project Management Contractors 48

Contractor Bookkeeping

NOVEMBER 25, 2013

Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Daily reconciliation of bank feeds. QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits.

Accounting 48

Accounting Banking Project Management Contractors 48

Contractor Bookkeeping

MAY 15, 2014

Every piece of paper, receipt, invoice, bank statement, notice, loan statement triggers a memory and you relive it again and again! That would mean one million dollars a year before taxes in "Hip National Bank". million dollar a year company generating 10% net profit every year? What if it only did 1/2 as well and became a $2.5

Contractors 48

Contractors Accounting Project Management Banking 48

Contractor Bookkeeping

NOVEMBER 25, 2013

Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Daily reconciliation of bank feeds. QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits.

Accounting 48

Accounting Banking Project Management Contractors 48

Contractor Bookkeeping

NOVEMBER 25, 2013

Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Daily reconciliation of bank feeds. QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits.

Accounting 48

Accounting Banking Project Management Contractors 48

Contractor Bookkeeping

SEPTEMBER 20, 2013

QuickBooks Online is a great program for small companies including some non-profit organizations but it is not suited for a serious construction contractor with more than two projects a month and generating more than $500 a year in sales. Profit & Loss statement anytime YOU want it! Bank Balance - Un-cleared Checks) = Cash.

Contractors 48

Contractors Accounting Profitability Overhead 48

Contractor Bookkeeping

MARCH 11, 2016

Because That Always Costs Them Profit Dollars In The End. Cheap material is one of the causes for warranty work which drains profits and runs up labor and material costs. And they will tend to stay with your construction company longer which will help you earn more profits. At 10% Profit You Need To Sell $15,544.20

Contractors 48

Contractors Accounting Profitability Equipment 48

Contractor Bookkeeping

DECEMBER 13, 2013

Internal Accounting - The part that provides information for the Business Process Management system and generates reports for business owners to read and make decisions about what jobs are profitable and what jobs are not and the reasons why it is that way. After A Few Months - The bank started bouncing Fred''s checks.

Deals 48

Deals Accounting Banking Contractors 48

Contractor Bookkeeping

JULY 7, 2014

Reconcile The Bank Accounts. Make Bank Deposits. Generate Useful Profit & Loss Reports. This Is One More Example of how Fast Easy Accounting is helping construction company owners just like you put more money in the bank to operate and grow your construction company. Credit Card Companies. Incompetent Bookkeepers.

Contractors 48

Contractors Accounting Banking Project Management 48

Contractor Bookkeeping

SEPTEMBER 1, 2014

For Example - The simple Profit & Loss Report Can Be Shown Four Different Ways With Little Effort. The First Two Profit & Loss Reports Show Accrual Basis Vs. Cash Basis. The Next Two Profit & Loss Reports Show Accrual Vs. Cash And % of Income. 3 Looking for trends to find ways to improve cash flow and profitability.

Contractors 48

Contractors Accounting Cash Flow Profitability 48

Contractor Bookkeeping

AUGUST 13, 2014

I Do Like Managed Risks - Which is anything I can control the input and have a greater than breakeven chance of making a profit. Knowledge Leads To Profits And Cash Flow. One Tiny Bit Of Knowledge High Profit Contractors. At 10% Profit You Need $15,544.20 More Sales To Maintain Profit Margin. Use Of Knowledge!

Contractors 48

Contractors Accounting Profitability CA 48

Contractor Bookkeeping

DECEMBER 12, 2013

Review Personal Bank Statements - Business. Review Business Bank Statements – Personal. Reconcile Bank And Credit Card Accounts. Verify Profit And Loss - Does It Make Sense? Profitable Construction - Companies have known about the value of outsourced bookkeeping services for a long time and now you know about it too!

Accounting 49

Accounting Banking Project Management Seattle 49

Contractor Bookkeeping

AUGUST 29, 2014

Is Cash Flow The Same As Profit? While they might seem similar, profit and cash flow are two entirely different concepts, each with entirely different results. The concept of profit is somewhat broad and only looks at income and expenses over a certain period, say a fiscal quarter. Please contact us and we can help you with it.

Cash Flow 48

Cash Flow Management Contract Accounting 48

Contractor Bookkeeping

SEPTEMBER 19, 2014

Quicken was developed for regular people, not businesses, to have an electronic check register for keeping track of bank balances without having to use those tiny manual paper registries that come with every box of blank checks? Marketing | Accounting | Production) with all of them. See The 80/20 Rule For Construction Success.

Accounting 49

Accounting Software Software Construction 49

Contractor Bookkeeping

AUGUST 27, 2014

Let us handle your QuickBooks setup for your contracting company because accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle. Which QuickBooks Reports Will Help You Increase Sales And Profits? Of course you are!

Contractors 88

Contractors Accounting Work in Progress Profitability 88

Contractor Bookkeeping

MARCH 13, 2014

The truth is the most successful, wealthy, highly profitable construction contractors don''t like change. Six keys helped us out perform other contractors in terms of cash flow and profit year after year regardless of the economic conditions: I was raised in a construction family. They have self-discipline; a skill nobody is born with.

Accounting 48

Accounting Construction Contractors Profitability 48

Contractor Bookkeeping

FEBRUARY 5, 2014

Their primary function is to review the transactions, reclassify some of them as needed and prepare payroll, monthly tax returns, quarterly tax returns, basic Profit & Loss Reports and Balance Sheet Reports. Business Owners - Need three basic reports, Cash, Profit and Equity. Bank Balance - Un-cleared Checks) = Cash.

Accounting 48

Accounting Construction Profitability Contractors 48

Contractor Bookkeeping

JUNE 4, 2014

This Is One More Example of how Fast Easy Accounting is helping construction company owners just like you put more money in the bank to operate and grow your construction company. About The Author: Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington.

Documentation 48

Documentation Products Accounting Project Management 48

Contractor Bookkeeping

OCTOBER 3, 2013

“A recent study found that business school education not only fails to improve the moral character of the students, it weakens it.students were asked, if given a chance of being caught and sent to prison, they would attempt an illegal act that would net them a profit of more than $100,000; more than one-third responded ‘yes’. ".

Banking 49

Banking Accounting Construction Contractors 49

Contractor Bookkeeping

AUGUST 25, 2014

In normal times, contractors who pay close attention to their Five Key Performance Indicators financial reports and stay aware of the macro global economy and the micro local economy can plan ahead and earn a normal profit after paying the owners a reasonable salary. We Remove Contractor''s Unique Paperwork Frustrations.

Contractors 48

Contractors Accounting Profitability Hawaii 48