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The Value Of Unique QuickBooks Reports Specific For Contractors

Posted by Sharie DeHart on Fri, Jul 31, 2020

Some applications make almost everything easy, including accounting software. Too many contractors find out too late the adage "You get what you pay for" still applies.
 
Hundreds of contractors and regular bookkeepers have told us how simple QuickBooks is to use, yet they cannot understand why QuickBooks for Contractors is so hard to use, and it is getting harder every year. I agree with them.
 
Making a lot of money as a contractor is easy if you know what to do, and I don't mean your ability to produce more fieldwork than anyone else, although that does help.
 
Each contractor type has unique construction accounting needs, which means if the QuickBooks process is custom-fitted to each construction company's needs, it is a beautiful thing.
 
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Topics: QuickBooks Construction Reports, Profit And Loss Reports, QuickBooks Construction Accounting, Contractor, finance

What To Do If Your Construction Business Is Operating At A Loss

Posted by Sharie DeHart on Fri, Jul 10, 2020

Operating at a loss means you’re spending more money than you’re making. And while it’s not uncommon, especially for new businesses, it’s still not an ideal situation and shouldn’t continue in the long term. Otherwise, you will eventually run out of cash reserves and be out of business.

So the first thing you need to identify is why you’re operating at a loss. If it’s because you’re still in the start-up phase, then you might not need to worry too much as long as you’ve got enough cash to meet your costs. But if the losses are due to a decline in sales, then it’s time to review your construction business and, if necessary, get professional help.

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Topics: Profit And Loss Reports, Construction Marketing, Contractor, Contractor Tips, finance, Contractor Operating Tips

How To Setup QuickBooks One-Button Profit And Loss Report

Posted by Randal DeHart on Wed, Feb 22, 2012

QuickBooks Profit And Loss Reports - That you can have instantly by pushing one button is extremely valuable to operating and growing your construction business because it shows how much your business is earning for you!

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Topics: QuickBooks Construction Reports, Profit And Loss Reports, QuickBooks For Contractors, QuickBooks, Reports, QuickBooks Reports, QuickBooks For Contractors Setup

QuickBooks Setup And Chart of Accounts For DIY Contractors
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