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How to Reconcile Multiple Construction Accounts in QuickBooks
Construction companies rarely operate with a single bank account and a tidy ledger. Between retainage holdbacks, multiple job site expenses, equipment loans, and progress billings flowing in at different intervals, your financial picture gets complicated fast. One GC we worked with had 14 separate bank accounts across six active projects. Their bookkeeper was reconciling each one manually every month, a recipe for burnout and data entry errors. If you're handling bank reconci
Mar 265 min read
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How to Record Job Deposits in QuickBooks Without Destroying Your P&L
A kitchen remodel contractor collects a $15,000 deposit. Money hits the bank. He records it as income because it feels like income. Three months later, his P&L shows a record-breaking month. He's excited. His CPA is not. Half that "profit" belongs to work that hasn't been done yet. He's now paying taxes on money he hasn't earned. His books are a mess. And untangling it will cost him more in accounting fees than the deposit was worth. We've worked with enough construction bus
Mar 186 min read
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Accounting for Construction Companies: 11 Mistakes & Solutions
Managing finances in the world of construction cost accounting is a bit like constructing a building. Even minor mistakes might lead to...
Jun 7, 20234 min read
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