Remove Drawings Remove Insurance Remove Work in Progress
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Or have you done extra work that wasn’t covered by a change order? In addition to monitoring your work in progress, study your estimating and profit histories. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance.

article thumbnail

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 Insurance Builders Risk.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Insurance Audit Support Service. We know what to do! Sales Tax Returns. Payroll Processing.

Banking 55
article thumbnail

Custom Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

Custom 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. Insurance Audit Support Service. We know what to do! Sales Tax Returns. Payroll Processing.

article thumbnail

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. Insurance Audit Support Service. We know what to do! Sales Tax Returns. Payroll Processing.

article thumbnail

Is Your Accountant Helping Or Hurting Your Construction Company?

Contractor Bookkeeping

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

article thumbnail

We Work With CPA's, Bankers, Advisers To Increase Contractor Profits

Contractor Bookkeeping

We really appreciate working with C.P.A.'s s who have an understanding of construction accounting including Work-In-Progress, Retention, Over and Under Billings and a whole bunch of other items that are specific to construction. Most professional contractors need the advice and protection of a C.P.A. 5 Financial Planner.