Contractor Bookkeeping

JUNE 12, 2013

This is not an issue with regular accounting because there is only one or two cost of goods sold accounts (COGS), no direct COGS, no indirect COGS, no Work-In-Progress (WIP), no retention, no job costing allocation to consider and only one customer "cash sale" in addition to a number of other variables involved in construction accounting.

Accounting 48

Accounting IDEA Bankruptcy Construction 48

Chianelli Estimating

AUGUST 6, 2020

social distancing, staggered start times, wide-ranging disinfection for tools, work surfaces, equipment, machinery and hands. Unfortunately the contractor with work in progress is most vulnerable. One error may be the difference in bankruptcy or staying afloat. cost overruns. many more not listed……. Less opportunities.

Estimating 60

Estimating Residential Insurance Commercial 60

Contractor Bookkeeping

JUNE 11, 2013

A receipt for material can be coded to any one of a dozen or more accounts or item codes depending upon whether it is a direct cost, indirect cost, Work-In-Progress, retention, warranty, overhead, administrative, other cost or simply an expense. Each One Got A Pay Raise Or A Better Job!

Accounting 49

Accounting Bankruptcy Profitability Contractors 49

Contractor Bookkeeping

FEBRUARY 14, 2014

Innovation Or Bankruptcy. To paraphrase an old quote and adapt it to the contstruction industry "It is not the strongest, toughest, hardest working construction contractor that survives, nor the most intelligent among them. QuickBooks Works Best If You: Takes Job Deposits. Need Work-In-Progress. Have Change Orders.

FAQ 50

FAQ Contractors Accounting Security 50