Contractors – Why your Profit and Loss Report Makes No Sense And How to Fix it

Have you ever gotten to the end of a big job and suddenly found yourself in a major cash flow crunch? Are you frustrated because when you look at your Profit and Loss report it makes NO SENSE? There’s a very good reason for this and it’s not your analytical skills: In the contracting business,…

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Margin vs. Mark up for Contractors

I got a GREAT question from a client today: “Should I use Margin or Mark up?” If you google margin vs. mark up, there’s a ton of information about what the calculations are and what they mean, but that doesn’t necessarily explain how it applies to your business or industry and what it means to…

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Take QuickBooks Desktop Online with Qbox

QuickBooks Desktop Online? You heard correctly – there is a nifty program called Qbox that allows you to remotely access your QuickBooks data without paying the high cost of “hosting”. In fact, Qbox is about 25% the cost of having your QuickBooks file hosted. For many businesses, QuickBooks Online just isn’t robust enough for their…

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QuickBooks Online vs. QuickBooks Desktop

No question – Intuit is pushing QuickBooks Online – aggressively.  Intuit is investing heavily in developing QuickBooks Online development, as evidenced by their online presence, sales team, and even two different focus groups I attended at the Sleeter Conference in November of 2015: The developer team for QuickBooks Desktop – Just a few developers, brilliant,…

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Top 5 Reasons I love TSheets for Contractors

Top 5 Reasons I Love TSheets Time Tracking for Contractors There are quite a few time tracking applications out there, here’s why TSheets is my hands-down favorite: #1 – Amazing Customer Service!  Truth is, every software has a “learning curve”.  For me, the time and frustration involved in learning something new can be a deal-breaker.…

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