Construction Business Owner

MARCH 1, 2012

In addition to workers not getting paid because the timecards weren’t submitted on time, his projects’ work-in-progress reports were inaccurate. Imagine the surprise to everyone when the profit is significantly less or non-existent at the end of a job! change orders. January 2009. December 2008. November 2008.

Cash Flow 120

Cash Flow Construction Software Software 120

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. Contractor''s Business Round Table Reduces Profits.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Contractor Bookkeeping

FEBRUARY 28, 2014

Construction Company Failure Root Causes: Working for customers instead of clients and not charging enough (The 80-20 Rule). Not using Additional Work Orders or Change Orders (Click For FREE Change Order Template). Cash flow issues kill contractors even though they have profit.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Best Practices Construction Law

NOVEMBER 26, 2012

First, pay attention to payment terms, including whether payment is based upon work in place or equal installments. Also, consider eliminating any retainage provisions, if possible, or including a phased-out retainage so that your entire gross profit is not left until the project is completed.

Cash Flow 48

Cash Flow Project Management Change Orders Agreement 48

Contractor Bookkeeping

JULY 21, 2012

Put the wrong foundation under your business and it will not matter who is doing the bookkeeping because it will always be a mess and you will never get the reports you really need in order to operate and grow your business profitably. Work In Progress (WIP) Reporting. Job Deposit Tracking. Quarterly Tax Returns.

Remodeling 51

Remodeling Cash Flow Construction Work in Progress 51

ProcurementExpress.com

JULY 15, 2019

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.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

Contractor Bookkeeping

JULY 18, 2012

The difference between a Professional Bookkeeping Service and a Cheap Bookkeeper can cost you tens of thousands of dollars a year or more on your bottom line profit. Complex Invoicing - With multiple deposits, payments, change orders, payment history and running totals your customer can follow. Work In Progress (WIP) Reporting.

Electrical 48

Electrical Contractors Cash Flow Commissioning 48

Contractor Bookkeeping

JULY 18, 2012

Put the wrong foundation under your business and it will not matter who is doing the bookkeeping because it will always be a mess and you will never get the reports you really need in order to operate and grow your business profitably. Work In Progress (WIP) Reporting. Job Deposit Tracking. Quarterly Tax Returns.

Commercial 54

Commercial Contractors Remodeling Cash Flow 54

Contractor Bookkeeping

MARCH 25, 2014

After you have obtained your bond, the surety will likely ask you to prepare quarterly schedules of work in progress. This includes such information as whether you have overbilled or underbilled the project – change order issues, revisions to cost estimates, estimated final gross profits and anticipated completion dates.

Cash Flow 52

Cash Flow Accounting Profitability Work in Progress 52

Contractor Bookkeeping

SEPTEMBER 27, 2013

You Need Reports You Can Trust - Because the truth about owning a construction company is you have to make decisions and you need good solid reliable financial reports, Profit and Loss, Balance Sheet, Job Costing, Job Profitability reports and most importantly the Five Key Performance Indicators (KPI) to help you make the best decisions.

Banking 48

Banking Change Orders Accounting Cash Flow 48

Contractor Bookkeeping

JANUARY 16, 2013

The Problem Is You Just Spent - A twelve hour day working on a loud, dirty, dangerous construction site arguing with employees, suppliers, trade contractors and attempting to get your change order signed and now you show up to get your annual tax return filled out and what do you see? They Are Not Paid To Reduce Your Taxes!

Contractors 53

Contractors Income Change Orders Work in Progress 53

Contractor Bookkeeping

JULY 18, 2012

The difference between a Professional Bookkeeping Service and a Cheap Bookkeeper can cost you tens of thousands of dollars a year or more on your bottom line profit. Complex Invoicing - With multiple deposits, payments, change orders, payment history and running totals your customer can follow. Work In Progress (WIP) Reporting.

Contractors 48

Contractors Cash Flow Commissioning Work in Progress 48

Contractor Bookkeeping

JULY 18, 2012

You would never hire a construction worker with a background as a handyman to be on your framing crew because they are trained to take their time, lay out tarps in the work area and think about every piece of lumber before cutting and installing it. Work In Progress (WIP) Reporting. Job Deposit Tracking. Quarterly Tax Returns.

Cash Flow 48

Cash Flow Remodeling Profitability Banking 48

Contractor Bookkeeping

MAY 31, 2013

That was a simple way to determine Profit and Loss. I keep losing money on change orders can you help stop the money leaks? We have a process for managing change orders. Getting signed change orders can make a huge impact on the bottom line. Click Here For The Change Order Video And FREE Template.

Contractors 48

Contractors Accounting Change Orders Software 48

Contractor Bookkeeping

MAY 31, 2013

That was a simple way to determine Profit and Loss. I keep losing money on change orders can you help stop the money leaks? We have a process for managing change orders. Getting signed change orders can make a huge impact on the bottom line. Click Here For The Change Order Video And FREE Template.

Contractors 48

Contractors Accounting Change Orders Software 48

ProcurementExpress.com

JULY 15, 2019

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.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Contractor Bookkeeping

JUNE 18, 2013

Working for customers instead of clients and not charging enough (The 80-20 Rule). Not using Additional Work Orders or Change Orders (Click For FREE Change Order Template). Cash flow issues kill contractors even though they have profit.

Cash Flow 48

Cash Flow Construction Change Orders Contractors 48

Contractor Bookkeeping

JUNE 28, 2013

Are you doing large projects requiring a schedule of values related to percentage of completion and change order management with progress invoicing and payment applications? Are you getting job deposits? Is there retention being withheld and are you withholding retention? Are there any back charge issues to be tracked?

Contractors 48

Contractors Accounting Income Work in Progress 48

Contractor Bookkeeping

NOVEMBER 1, 2013

QuickBooks Works Best If You: Take Job Deposits. Have Change Orders. Xero Works Best If You: Have Simple Jobs With One Invoice. Work In Progress (WIP) Reporting. Profit & Loss statement anytime YOU want it! If this describes you then perhaps QuickBooks is a better fit for you than Xero.

Accounting 49

Accounting Contractors Project Management Change Orders 49

Contractor Bookkeeping

NOVEMBER 7, 2013

QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits. Have Change Orders. Freshbooks Accounting Works Best If You: Have Simple Jobs With One Invoice. Work In Progress (WIP) Reporting. Profit & Loss statement anytime YOU want it! Issue Multiple Invoices. Sales Tax Returns.

Accounting 48

Accounting Construction Contractors Project Management 48

Contractor Bookkeeping

NOVEMBER 25, 2013

QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits. Have Change Orders. QuickBooks Enterprise Works Best If You: Have multiple companies and need consolidated reports. Work In Progress (WIP) Reporting. Profit & Loss statement anytime YOU want it! Issue Multiple Invoices.

Accounting 48

Accounting Contractors Project Management Change Orders 48

Contractor Bookkeeping

NOVEMBER 25, 2013

QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits. Have Change Orders. Quicken Works Best If You: Have Simple Jobs With One Invoice. Work In Progress (WIP) Reporting. Profit & Loss statement anytime YOU want it! Issue Multiple Invoices. Need Job Costing Reports.

Accounting 48

Accounting Contractors Project Management Change Orders 48

Contractor Bookkeeping

NOVEMBER 25, 2013

QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits. Have Change Orders. Quicken For Mac Works Best If You: Have Simple Jobs With One Invoice. Work In Progress (WIP) Reporting. Profit & Loss statement anytime YOU want it! Issue Multiple Invoices. Need Job Costing Reports.

Accounting 48

Accounting Contractors Project Management Change Orders 48

Contractor Bookkeeping

NOVEMBER 1, 2013

QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits. Have Change Orders. Xero Accounting Online Works Best If You: Have Simple Jobs With One Invoice. Work In Progress (WIP) Reporting. Profit & Loss statement anytime YOU want it! Issue Multiple Invoices. Sales Tax Returns.

Accounting 48

Accounting Construction Contractors Project Management 48

Contractor Bookkeeping

DECEMBER 12, 2013

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. Issues Multiple Invoices. Need Job Costing Reports.

Accounting 48

Accounting Construction Banking Project Management 48

Contractor Bookkeeping

APRIL 4, 2014

Change Order. Work-In-Progress. Overhead & Profit Charges. When my parents used words like: Job Deposit. Payment Application. Periodic Draw. Underground. Charge Backs. Retention Held. Retention Billed. Balloon Framing. Bond For License. Inland Marine Insurance. Underbilling. Overbilling. Earned Value.

Accounting 49

Accounting Travel Construction Contractors 49

Contractor Bookkeeping

JANUARY 6, 2014

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 Desktop Version Online Works Best If You: Takes Job Deposits. Have Change Orders. Need Work-In-Progress. Work In Progress (WIP) Reporting.

Accounting 50

Accounting Contractors Work in Progress Banking 50

Contractor Bookkeeping

OCTOBER 31, 2013

Have Change Orders. Profitable Construction - Companies have known about the value of outsourced bookkeeping services for a long time and now you know about it too! We offer both Xero and QuickBooks bookkeeping services for construction contractors and have found the dividing line is how you get paid. Issue Multiple Invoices.

Accounting 48

Accounting Software Software Banking 48

Contractor Bookkeeping

OCTOBER 31, 2013

Have Change Orders. Profitable Construction - Companies have known about the value of outsourced bookkeeping services for a long time and now you know about it too! We offer both Xero Accounting Online and QuickBooks bookkeeping services for construction contractors and have found the dividing line is how you get paid.

Accounting 48

Accounting Banking Software Software 48

Contractor Bookkeeping

FEBRUARY 14, 2014

If you were to research some of the newspaper and magazine articles from the early 1800''s though today regarding the construction industry and contractors in general you will find not much has changed. It has always been and will likely always be that: 95 out of 100 contractors will earn less than 3% net profit. Have Change Orders.

FAQ 49

FAQ Contractors Accounting Security 49