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. We know what to do! Job Deposit Tracking.

Banking 55

Banking Remodeling Profitability Drawings 55

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. We know what to do! Job Deposit Tracking.

Cash Flow 48

Cash Flow Remodeling Profitability Banking 48

Contractor Bookkeeping

JANUARY 27, 2014

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. We know what to do! Job Deposit Tracking.

Contractors 50

Contractors Accounting Banking Profitability 50

Job Order Contracting

OCTOBER 18, 2016

Responsibilities include for the inspection, acceptance and delivery of assigned task orders to the Facilities customer in accordance with the statement of work, specifications, drawings and safety, environmental and fire department. Methods and alternatives for accomplishing the work. Detailed statement of work. •

Contract 100

Contract Procurement Negotiation Project Management 100

Contractor Bookkeeping

JUNE 28, 2013

Land Developers And Home Builders - Will need work-in-progress accounts from group #1 to keep track of all of the costs being accumulated and cost of goods sold accounts group #2 when it is time to record the sale of lots, land and finished homes and finally expense accounts from group #3 to keep track of expenses.

Contractors 48

Contractors Accounting Income Work in Progress 48

Contractor Bookkeeping

JUNE 18, 2013

In ancient Greece, Socrates argued that education was about drawing out what was already within the student. "I 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 48

Cash Flow Construction Change Orders 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.) Work In Progress (WIP) Reporting. Sales Tax Returns.

Banking 50

Banking Change Orders Accounting Cash Flow 50

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. Need Work-In-Progress. Need Periodic Invoices For Bank draws. Have Change Orders. Issues Multiple Invoices.

Accounting 49

Accounting Construction Banking Project Management 49

Contractor Bookkeeping

NOVEMBER 1, 2013

QuickBooks Works Best If You: Take Job Deposits. Periodic Invoices For Bank draws. Xero Works Best If You: Have Simple Jobs With One Invoice. Work In Progress (WIP) Reporting. Profit & Loss statement anytime YOU want it! Have Change Orders. Issue Multiple Invoices. Need Job Costing Reports. Learn More.

Accounting 51

Accounting Contractors Project Management Change Orders 51

Contractor Bookkeeping

JANUARY 6, 2014

QuickBooks Desktop Version Online Works Best If You: Takes Job Deposits. Need Work-In-Progress. Need Periodic Invoices For Bank draws. Xero Accounting Online will have updated your Sales Report, Profit & Loss Report, Balance Sheet Report and a lot more reports before you finished reading this sentence.

Accounting 54

Accounting Contractors Work in Progress Banking 54

Contractor Bookkeeping

APRIL 4, 2014

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

Accounting 51

Accounting Travel Construction Contractors 51

Contractor Bookkeeping

NOVEMBER 7, 2013

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

Accounting 49

Accounting Construction Contractors Project Management 49

Contractor Bookkeeping

JUNE 13, 2012

Reports Tax Accountants Use Are Profit & Loss And Balance Sheet. The business annual tax return - Doesn’t need to know which client if profitable – It’s all income. The Numbers On These Reports - Offer a summary snap shot of your business. They are referred to and reviewed over and over by banks and others.

Accounting 48

Accounting Banking Profitability Income 48

Contractor Bookkeeping

NOVEMBER 25, 2013

QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits. Periodic Invoices For Bank draws. 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! Sales Tax Returns.

Accounting 49

Accounting Contractors Project Management Change Orders 49

Contractor Bookkeeping

NOVEMBER 25, 2013

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

Accounting 49

Accounting Contractors Project Management Change Orders 49

Contractor Bookkeeping

NOVEMBER 25, 2013

QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits. Periodic Invoices For Bank draws. 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! Have Change Orders. Issue Multiple Invoices.

Accounting 49

Accounting Contractors Project Management Change Orders 49

Contractor Bookkeeping

NOVEMBER 1, 2013

QuickBooks Desktop Version In The Cloud Works Best If You: Take Job Deposits. Periodic Invoices For Bank draws. 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! Have Change Orders. Learn More.

Accounting 49

Accounting Construction Contractors Project Management 49

Contractor Bookkeeping

FEBRUARY 14, 2014

It has always been and will likely always be that: 95 out of 100 contractors will earn less than 3% net profit. 4 out of 100 contractors will earn between 3%-15% net profit. 1 out of 100 contractors will earn in excess of 15% net profit. profit went straight to the bottom line. Need Work-In-Progress.

FAQ 51

FAQ Contractors Accounting Security 51

Contractor Bookkeeping

AUGUST 15, 2014

When it is time to file the taxes you generate a Profit & Loss and Balance Sheet and give it to whomever does your tax return. You need QuickBooks setup to track all the costs and generate Complex Payment Applications , Item Estimates vs. Actuals, Job Profitability Summary and Job Profitability Detail Reports to monitor progress.

Contract 49

Contract Accounting Income Contractors 49

Contractor Bookkeeping

OCTOBER 31, 2013

Periodic Invoices For Bank draws. 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. Have Change Orders.

Accounting 50

Accounting Software Software Banking 50

Contractor Bookkeeping

OCTOBER 31, 2013

Periodic Invoices For Bank draws. Profitable Construction - Companies have known about the value of outsourced bookkeeping services for a long time and now you know about it too! QuickBooks Desktop Version In The Cloud Is Best If You: Take Job Deposits. Have Change Orders. Issue Multiple Invoices. Need Job Costing Reports.

Accounting 49

Accounting Banking Software Software 49