Plain-English answers to the money questions that come with running several projects and LLCs: draws, job costing, retainage and month-end close. Written for Texas construction and real estate businesses.
How construction loan draws work, what lenders need in a draw package, Texas lien waivers and retainage, and how to record each draw so your books match the lender.
A practical guide to construction job costing: cost codes, budget vs. actual, committed costs, labor burden and overhead, plus how to set it up in QuickBooks Online.
A step-by-step system for builders and developers with several LLCs: separate entities and bank accounts, one chart of accounts, project tracking, intercompany transactions and a monthly close.
