Accounting Solutions For The Busy Contractor
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Starting Your Construction Company - Details And Decisions
Being in your own business can be the best time in your life. Alternatively, the worst time!
Journal Entries Done Wrong Could Harm Your Reports
Journal entries are a quick and dirty way to get transactions without putting forth the time and effort to enter each transaction. In the short ru...
The Difference Between Bookkeeping And Tax Preparation
Why do you need to keep your bookkeeping and tax preparation separate? Accounting serves two different functions. The sooner you understand this, the better it will be for you and your construction business.
Downloading From The Bank Is Easy And Bad For Contractors
Tax preparation folks love bank downloads, and bank feeds because it makes their job easy, and if you get audited or pay more income tax than you should, oh well.
Downloading from the bank is easy and saves time; however, it does not allocate the transactions for accurate Job Costing Reports.
Is The Problem With The Accounting Software Or The Person Doing It?
Are you frustrating yourself with a bad QuickBooks setup? Do you need to be “The Expert” in all things? Find out what's the best use of your time and how you can do your construction bookkeeping effectively.
Challenges Of Getting Accurate Reports From Your Construction Accounting
Is it the Accounting Software or the lack of it - shoebox, file box, paperwork behind and under the truck seat, on the table, or piles on the countertop, all which will work until you need actual reports for your annual State or Federal Taxes (IRS)?
Process Dependent Vs. People Dependent Construction Company
Running a construction business can be frustrating when you don't know what to do. The paperwork piles up because there are never enough hours in the day to do everything precisely as you want it to be. Especially true when it comes to accounting.
QuickBooks Vs. Xero Accounting For Contractors
QuickBooks or Xero Accounting Online for construction depends on how you get paid, your company's type of work, and if you need Job Costing.
Contractors - Get Paid First
As a construction company owner, you are getting paid, paying someone, or both. Contracting is all about money and taxes. With your job being not only physically demanding but also mentally draining, have you considered valuing your efforts? I understand how challenging it is for you to keep tabs on your employee's schedule, but make sure you also track yours.
Contractors Are Confused About Their Bookkeeping
Having owned and operated a construction company, we understand what you're going through. We believe that contractors should be able to focus and do what they do best - and that is using their skills and experiences in the field. Outsourcing or hiring someone to do your financial recording will only lead to good result if your bookkeeping is set up right from the start.