What You Should Expect From Your Bookkeeping System

First Important Principle In Construction Accounting:

Everything starts with Cash because Cash Is Fact; Profit Is An Opinion. All transactions in the bank account of your construction accounting system no matter if it is QuickBooks or Xero must be assigned to the proper accounts:

• Income
• Job Deposits
• Payroll
• Taxes
• Cost of Goods Sold (Direct and Indirect Costs including Labor, Material, Other and Subcontractors.
• Other costs including permits, plans, bills from suppliers and purchases on your personal credit cards.
• Overhead

Second Important Principle In Construction Accounting:  

Tracking Income properly, Knowing how, when and where to put Customer Estimates, Customer Invoices, Customer Job Deposits and any Retainage Withheld, Vendor Refunds and Rebates.

Good Construction Accounting Is All About the Details

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Topics: Contractor Bookkeeping Services

Let me introduce myself, Hi, I’m Sharie when you call

I’m the voice on the other end of the phone

Calls come from Construction Contractors, Wives,  Mothers, Bookkeepers, Advisors and others all wanting to find someone to reassure them that they are not crazy and what they expect and what’s expected from them is not unreasonable.

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Topics: Construction, Construction Psychology, Outsourced Accounting, construction suppport, contractor divorce

Seasoned Builders Knows Exactly What They Need 

Builder Accounting begins with a proper QuickBooks setup For Spec Home Builders. and QuickBooks Setup for Custom Home Builders  Seasoned Builders understand that their needs are different and more specific than the general and specialty contractors that they hire to complete the project.

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Topics: Home Builder Accounting Using QuickBooks

Washington State Department of Revenue is sending emails to all construction Contractors and other business owners

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Topics: Washington State DOR Email

Contractors Should Use Reseller Permits When Buying Items For Resale

The Rule Is - “Have a Resale Certificate or Pay the Tax” It’s all about paying sales tax. Who is the customer?

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Topics: 2014 Resale Certificate, Washington State 2014 Resale Certificate

The Links Below Take You To FREE Downloads

No Form To Fill Out - Just Click And Go!

They are all from the Washington State Department of Labor & Industries website. These forms are not perfect and not the best for all construction contractors. And as always, we recommend you have any legal document reviewed by your attorney or legal counsel before using it. 

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Topics: Free Safety Manual Download, Free Construction Safety Manual Download

Differences Between Leads, Customers And Clients

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Topics: Contractor Lead Services

It’s good to see construction moving again. Our goal is to provide FREE Forms and content on our website so that you feel comfortable about WHO We Are and HOW We Help. You may not need our contractors bookkeeping services today, tomorrow, or next week but someday you may in fact need some help.

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Topics: Contractor Chat, Sharie Talks With Contractors

 

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Topics: Free QuickBooks Review, Free QuickBooks For Contractrors Review, Free QuickBooks Setup Review

Topics: Sharie, Contractors Bookkeeping Services Support