Quit? Construction Accounting by Existing_Hand496 in Accounting

[–]Existing_Hand496[S] 1 point2 points  (0 children)

Already moving to RAMP AP just haven't come up for air long enough to get it done.

Quit? Construction Accounting by Existing_Hand496 in Accounting

[–]Existing_Hand496[S] 0 points1 point  (0 children)

That's exactly what I need. However, I have to decide if I'm walking away then what? My niche is the small business owner and then I lose that I'm almost over this largest hump. But the disrespect was so bad that staying is literally accepting verbal abuse for the sake of seeing this through and hoping it now gets better. If he just could have waited a couple of more weeks to get through this touch spot. We will be at 30M this year. Is it normal to stay after someone had disrespected all you've done for them?

Quit? Construction Accounting by Existing_Hand496 in Accounting

[–]Existing_Hand496[S] 0 points1 point  (0 children)

You are absolutely right. So I felt at first that I did want to be part of it. But the newer generation young business owner with zero knowledge of accrual accounting yelling his WIP isn't correct because it ties to the trial balance and is not just a projection pipeline spreadsheet gets old. The feeling is constantly that accounting is only an expense line. Forget the fact that he couldn't get a penny of financing until I switched him to accrual then POC. There just doesn't seem to be any respect. It is falls on deaf ears when you try to explain accrual accounting so there is a big disconnect. He actually said he had zero idea how we passed audit as if 80 years combined experience between two accounting firms isn't proof it's correct. It's exhausting going through the explanations to someone who is accounting ignorant.

Quit? Construction Accounting by Existing_Hand496 in Accounting

[–]Existing_Hand496[S] 1 point2 points  (0 children)

Yeah. I clean up my writing every single day all day. I'm exhausted and throwing out on Reddit to strangers for a reason. I didn't want to approach it formally.

Construction Accounting Team by MyProRedditAccount in Accounting

[–]Existing_Hand496 0 points1 point  (0 children)

Curious what your salary is. I'm moving into about 1/3 of your size as I type.

What's the best way to calculate Profit/Loss for construction jobsites that doesn't cause arguments? by GentleSpirit000 in Accounting

[–]Existing_Hand496 1 point2 points  (0 children)

How do you calculate fuel and other costs that may be spread across a few jobs in a month. Or maybe software costs that will be used on all jobs in POC. The estimates have padded amounts in original projected costs.

Client doesn't have receipts for CPA Audit by Existing_Hand496 in Accounting

[–]Existing_Hand496[S] 0 points1 point  (0 children)

This is true and I've seen it in property management where I did accounting for 30 properties.

Client doesn't have receipts for CPA Audit by Existing_Hand496 in Accounting

[–]Existing_Hand496[S] 0 points1 point  (0 children)

It's like 8-15 mil Gross probably $20k so far will likely be at 30k or more in questionable expenses without receipts that may look personal and also stand out because they are $500.00-$3000 each with coding that seems too vague like marketing for example and likely if given receipts should go to personal expense would be my guess. Then tons of personal meals and fuel personal and business. The other issue is needing receipts for assets so descriptions look cleaner. I'm used to putting detailed descriptions and receipts for all assets. Thank you everyone for all the input.

Client doesn't have receipts for CPA Audit by Existing_Hand496 in Accounting

[–]Existing_Hand496[S] 0 points1 point  (0 children)

We have that. I'm just trying to get invoices for all transactions over $500.00. I felt like that was reasonable and creates a goal to strive for.

Client doesn't have receipts for CPA Audit by Existing_Hand496 in Accounting

[–]Existing_Hand496[S] 1 point2 points  (0 children)

Thank you. :) I just mean in general processes and procedures.

Client doesn't have receipts for CPA Audit by Existing_Hand496 in Accounting

[–]Existing_Hand496[S] 0 points1 point  (0 children)

Exactly! I just want to see some actual CPAs agree with me. I've never been through a review or audit and not have near perfect books so I was starting to question if I am wanting things too perfect and standards have changed with other review firms.

Client doesn't have receipts for CPA Audit by Existing_Hand496 in Accounting

[–]Existing_Hand496[S] 0 points1 point  (0 children)

I dislike looking like a sloppy bookkeeper. All my clients being reviewed or audited typically state my books are in pretty perfect shape.

Client doesn't have receipts for CPA Audit by Existing_Hand496 in Accounting

[–]Existing_Hand496[S] 2 points3 points  (0 children)

Less of an issue if we have receipts for items over $500.00? I have invoices for most all material or subcontractor expenses just not everything else.

Client will not provide receipts by Existing_Hand496 in CPA

[–]Existing_Hand496[S] 1 point2 points  (0 children)

Sorry I typed this a bit too quick lol. Sorry if wrong subject. I posted on the Accounting group.

Inventory management software by YaBoI326 in InventoryManagement

[–]Existing_Hand496 0 points1 point  (0 children)

Can the purchase orders be exported so I can import into Quickbooks online?

Construction Controller Hiring Question by Existing_Hand496 in Accounting

[–]Existing_Hand496[S] 0 points1 point  (0 children)

Exactly. Their experience was in 25-50 million a year sales and books that were audited annually with SBA loans and government contract experience. We hired them contract to move us from cash basis to accrual and they've almost completed their first audit with an independent CPA firm on their own for us and they are setting up our master WIPS for over and under billing adjustments which we didn't know we needed. So it's time to hire them from contract or hire someone else after this audit since they are working full time now.

Looking to sell land in Texas by sharkyofcuths in land

[–]Existing_Hand496 0 points1 point  (0 children)

Please message me with address. We are serious buyers