Contractor Bookkeeping

SEPTEMBER 1, 2014

We agree with half of that statement; contractors need to pay their fair share of taxes but not until they absolutely have too for two reasons: #1 Paying bills early hurts cash flow. #2 The Next Two Profit & Loss Reports Show Accrual Vs. Cash And % of Income. Click On The Button Below To Download A Free Guide.

Contractors 48

Contractors Accounting Cash Flow Profitability 48

Contractor Bookkeeping

MAY 2, 2013

Part of the root cause can be traced to a mild case of "Stockholm Syndrome" where contractors feel their cash flow may be held captive by their customers or clients. Hint: if you do not have enough cash flow to pay off your credit cards every month chances are you are acting as your customer''s lending institution or their sugar daddy!

Change Orders 48

Change Orders Contractors Cash Flow Profitability 48

Contractor Bookkeeping

FEBRUARY 28, 2014

Cash flow issues kill contractors even though they have profit. Poor scheduling affects production and cash flow. Work-In-Progress (WIP) report the ultimate gauge for cash flow and least understood. Every contractor with cash flow problems works too hard, has too many clients and sells to much.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

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. Click On The Button Below To Download A Free Guide. Business Process Management (BPM) For Contractors. Need Help Now?

Contractors 48

Contractors Accounting Profitability Cash Flow 48

ProcurementExpress.com

AUGUST 12, 2019

Free Download: What to Include in a Daily Report Template Click Here. Reports also allow incoming subcontractors to gain an understanding of how the project has been going thus far–and ideally, it should paint a clear picture of progress, so anyone can come in, join the team, and start work right away. Click To Tweet.

Documentation 81

Documentation Contract Site Budgeting 81

ProcurementExpress.com

JANUARY 2, 2019

Here’s a little more about why you should consider this metric outside of the accounting context: [content_upgrade cu_id=”4055″]5 Things to Include In Your WIP Report– Click here to download this free guide[content_upgrade_button]Click Here[/content_upgrade_button][/content_upgrade].

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

Contractor Bookkeeping

NOVEMBER 30, 2012

Sometimes having a few additional business expenses may make the difference in what your tax bracket your net income falls into on your personal return. Have I downloaded all the FREE apps? Have you checked your QuickBooks Profit and Loss report lately? Contractor Thinking About Office Tool s. Wireless Credit Card Terminal.

Equipment 49

Equipment Cash Flow Construction Office 49

Contractor Bookkeeping

NOVEMBER 18, 2013

There Are Three Links With FREE Downloads. There are an infinite number of reasons why most construction companies do not generate a minimum 20% net profit and a six figure after tax income for the owners. No Form To Fill Out - Just Click And Go! They are all from the Washington State Department of Labor & Industries website.

Accidents 48

Accidents Accounting Construction Profitability 48

Contractor Bookkeeping

OCTOBER 4, 2013

Action Step - 03: Click the button below Contractors Bookkeeping Services Guide to download it. 3 Your Income Tax Return Preparer. You can learn a lot about investing and run some scenarios that will show you how much income you will need to retire and develop an action plan. Poor scheduling affects production and cash flow.

Profitability 48

Profitability Construction Accounting Cash Flow 48

ProcurementExpress.com

AUGUST 12, 2019

content_upgrade cu_id=”4553″]Free Download: What to Include in a Daily Report Template[content_upgrade_button]Click Here[/content_upgrade_button][/content_upgrade]. Construction companies need all the help they can get when it comes to making decisions that impact cash flow and budgeting.

Documentation 52

Documentation Contract Site Budgeting 52

Contractor Bookkeeping

AUGUST 11, 2014

Financial Reports Were Worthless Profit & Loss Reports showed massive income because Cost of Goods Sold (COGS) accounts were understated. This One Bookkeeper Error Caused the contractor to OVERPAY HIS ANNUAL INCOME TAX. The Key Colum - Is the Percentage (%) of Income. Click On The Button Below To Download A Free Guide.

Profitability 48

Profitability Contractors Accounting Income 48

Contractor Bookkeeping

JANUARY 2, 2015

Tax Advantages For LLC or a Sub S - If you do not setup your corporation correctly the profit or loss from your business will be passed through to the owners as normal income. All large income and expenses go through one account and keep the debit card in your personal safe. Partnerships Are The Only Ships - Designed to sink.

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

JUNE 20, 2014

Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. Since the LLC or Sub S does not pay state or federal income tax (as separate business entities), you may be able to save money over a Sole Proprietorship; no double taxation. Get cash coming in early and often.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

AUGUST 13, 2014

Knowledge Leads To Profits And Cash Flow. When You Come - To my office and start complaining about how much you are paying more in income tax since working with us than you used to earn in a year that makes me very happy! Click On The Button Below To Download A Free Guide. What Makes Knowledge Powerful? Use Of Knowledge!

Contractors 48

Contractors Accounting Profitability CA 48

ProcurementExpress.com

JANUARY 2, 2019

Here’s a little more about why you should consider this metric outside of the accounting context: 5 Things to Include In Your WIP Report– Click here to download this free guide Click Here. Allowing teams to monitor cash flow, losses, profit fade, or over and underbilling. How Does WIP Fit into the Construction Business?

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Contractor Bookkeeping

JUNE 15, 2012

Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. Since the LLC or Sub S does not pay state or federal income tax (as separate business entities), you may be able to save money over a Sole Proprietorship; no double taxation. Get cash coming in early and often.

Contractors 48

Contractors Insurance Claims Lien 48

Contractor Bookkeeping

MARCH 13, 2014

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. downloaded automatically into one Outlook program on your office desktop, notebook and on your desktop and notebook at home. Need Help Now?

Accounting 48

Accounting Construction Contractors Profitability 48

Contractor Bookkeeping

AUGUST 9, 2012

I put together a short overview of what I think may be some of the root causes of Bad Bookkeeper behavior which you can download and read and decide for yourself. Eventually the contractor goes bankrupt from cash flow issues or is faced with three responses; fight, flight or replacement. Estimated Total = $25,367.28.

Organization 48

Organization Contractors Accounting Profitability 48