does cheqbook support construction accounting?
Zero, Wave, Freshbooks, WorkingPoint all seem to fall down on this. For companies with things or services to sell, it's a simpler world: create invoice, track payments, allocate expenses, etc. It's a bit different in construction. I saw a "Construction in Progress" in the chart of accounts, giving me some hope. Here is the functionality needed....
When a house is being constructed (for sale, not custom), it's all about tracking the expenses. Those expenses must be paid and debited against checking. However, such expenses cannot be offset against any other income other than the proceeds of the sale of the house. Until the sale, the expenses are prepaid assets, and must be matched to the sale proceeds. When the house is sold, the prepaid expenses are deducted (expensed?) against the sale proceeds, ideally providing a profit...
Whenever reports are run, it is important to show these "expenses" accurately. An income statement cannot show them as deductions against income even though incurred in a reporting period [unless the property is sold in that period].
Absent this functionality, I have a separate question on cheqbook. Let's imagine I've got 5 different projects going. They could be 5 different homeowners, or any other variation, e.g., 3 projects for the same homeowner and then 1 project apiece for 2 other homeowners. Is there a way to tag or categorize expenses such that I can properly see the "profit" for a given project? Otherwise, things get jumbled up and I have no idea which jobs are more profitable as all the income from the 5 jobs is heaped together against all the expenses incurred in those jobs.
Any help on either of these questions would be most appreciated. Still looking for the right solution for my bookkeeping / accounting needs. Thanks very much.
-
Is there answer for this inquiry? I need this, too.
0 -
Thanks for the information.....0 -
Go to your profile by tapping the icon located in the bottom right corner only your followers can view your posts and people buyinstagramsfollowers who do not have your permission will not be able to see your posts the procedure to make your instagram private buy instagram followers is the same no matter what type of device you are using although the icons and background graphics might look different better now that last update let me open the app now.
0 -
Paying tribute to people who serve their countries to manage financial stability is very important. Nations that do not consider such people will not be able to make their economy strong. If you need college paper for sale get here and talk to our financial experts who have worked in best financial institutes.
0 -
Cheese books are very important and instrument of the banking system. It is very pertinent and utilized winmyessay.com for the right and needed methods. It is invoked and provoked with simplicity and intentions. It is demand and tool of the mandatory.
0 -
Instead of using rapid methods supposedly the build number of his followers route, I want to share with you some proven my favorite ways You can get more loyal followers on Twitter. Attract and inform Twitter is all about participation. It is a mobile platform that is busy and fast, so you need to cbuy twitter followers and reate content that educate, inform, entertain or inspire their followers. This can be done by exchanging a good mix of content, both in their own and other nations. You will soon build a following of people who want to hang out with and follow you because they like what you say or share.
0 -
All the folks here its a very exciting and amazing news for you that i have recently found a free riot points generator which generates <a href="http://getriotpointsfree.com/">free riot points codes</a> within a minute. And above all its working amazingly!!!! You must try it once and generate your own free rp codes.
0 -
The other feature that you can find in this fast browser application is the quick search bar. It allows you to search any website from the notification bar on your smartphone. To read any websites comfortably at night, you can switch to night mode. Incognito browsing is also available in UC Browser Mini for Android to secure your browsing information.
0
Please sign in to leave a comment.
Comments
8 comments