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Construction Accounting Questions
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Construction Accounting
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We terminated contract with GC's rep that is using GC license, due to terrible workmanship & found out that he has not paid subs for work. Initially this person
said his partner, Judson Bentley held the GC license, well that is BS and he just uses the GC license. This person now has 90% of money-at least 5...Read More
Floridasaid his partner, Judson Bentley held the GC license, well that is BS and he just uses the GC license. This person now has 90% of money-at least 5...Read More
I have a customer who avoid paying me $16k, the job is finished and he keep dragging the payments by claiming he don't have money. I already filed a
mechanical lien and again he said he will pay but didn't. He did gave me previously 4 checks of total $16k however they all bounced. What will be...Read More
Californiamechanical lien and again he said he will pay but didn't. He did gave me previously 4 checks of total $16k however they all bounced. What will be...Read More
Good morning Mr David, Trust this mail meets you well. I am currently having issues with our external auditors on recognition of revenue in the books of our
company that is into real estate development. Here is the summary, the modus operandi of the business is to buy a virgin land, develop units of ...Read More
Washington DCcompany that is into real estate development. Here is the summary, the modus operandi of the business is to buy a virgin land, develop units of ...Read More
I'm an electrical contractor. We design and build energy projects for home owners like pv, storage, generators. Also do service and other elec work. Supply
chain struggles dictate that we have to purchase from many vendors now. New ones demand payment in full to ship. Huge strain on our cash. H...Read More
Californiachain struggles dictate that we have to purchase from many vendors now. New ones demand payment in full to ship. Huge strain on our cash. H...Read More
I have a client that are not willing to pay us unless we reciprocally exchange check for unconditional release on final payment. We are located in California
and I know that a Unconditional release will leave us without any rights if the check doesn't clear the bank. Are we allowed to add under Exceptio...Read More
Californiaand I know that a Unconditional release will leave us without any rights if the check doesn't clear the bank. Are we allowed to add under Exceptio...Read More
Hi there! If a sub forgot to sign a waiver during the course of construction (partial unconditional) will a full unconditional waiver cover the missed amount? As
long as that payment is included in the total amount on the final? Example: Missed June $100 Final Unconditional issued in July (including the mis...Read More
Michiganlong as that payment is included in the total amount on the final? Example: Missed June $100 Final Unconditional issued in July (including the mis...Read More
can u help me with an sba please
OhioShould we consider opening new bank accounts for the PPP loan? This would help us keep these funds separate. The plan would be to deposit the loan funds
into the new account, to get new checks for payroll/direct deposit payroll checks from the new account, etc. An alternative could be to move the...Read More
Californiainto the new account, to get new checks for payroll/direct deposit payroll checks from the new account, etc. An alternative could be to move the...Read More
I need help fixing booking and filing tax return for a family run business. Please call at 818-859-4646 as soon as possible. Thank you very much.
CaliforniaHires me to come and do all finish work and once I got there to work I started finding his work was the worst I’ve seen in 10+years. I refused to roof it in its
condition. I explained to home owner how it should be done and he had lied to them from day one. First but saying material coast was 25,000 on ...Read More
Georgiacondition. I explained to home owner how it should be done and he had lied to them from day one. First but saying material coast was 25,000 on ...Read More
describe distinct measurement rules of taking off metal shelving in ironmongery
Arizonahow you categorize what a remodeling company sells? it is goods and services?
LouisianaA California Company, manufactures custom windows/doors/ iron forge for high end residential. Some projects are new builds and some are complete
remodels. The company provides onsite installation on 90% of projects. In regards to down payment law in California, can the company request ...Read More
Californiaremodels. The company provides onsite installation on 90% of projects. In regards to down payment law in California, can the company request ...Read More
I am a subcontractor with a client that is closing their doors soon. Most of my projects are smaller $500-1,000 and as I understand it, do not qualify to file a
lien in Florida. They now are indicating they intend to pay two of the large($2,500+) projects because they are qualified to file a lien. Do they get ...Read More
Floridalien in Florida. They now are indicating they intend to pay two of the large($2,500+) projects because they are qualified to file a lien. Do they get ...Read More