Accounting & Finance

Construction Accounting & Finance

Effectively managing the accounting and finacial function of your construction company is critical to gain a successful, profitable business. Our articles from industry experts provide information on a range of subjects in construction accounting including: applying the percentage-of-completion method or completed contract method, job costing, improving cash flow and managing debt, reducing overhead, understanding financials, implementing tax strategies, performing audits, building equity and wealth, implementing a construction accounting program, using construction accounting software, and hiring a payroll provider.

Key Performance Indicators: Your Early Warning System

Written by Jayme Dill Broudy

Construction Business Owner, June 2009

Dear Jayme:

When somebody asks me how my business is doing, I don't always know the answer. If I've just seen last month's financials, I feel fairly confident in saying it's doing okay but there's a nagging feeling that I don't really know.

Robert

Tags: 2009 June Issue , financial , Jayme Dill Broudy

Asset Management Technology: Helping Finance Executives Uncover Additional Savings

Written by Rob Painter

Construction Business Owner, May 2009

Even with the surge in construction spending expected over the next two years as a result of the economic stimulus bill, times are still tough for construction business owners. In fact, some predict that we won't return to peak construction spending levels until 2012 or after.

Tags: 2009 May Issue , accounting , financial , security

Construction Labor Costs - 5 Percent Factor

Most construction companies only make an average annual net profit between 2 and 3 percent. Improve your construction labor costs by only 5%, and you can improve your net profit amount to 4-5%. This can be as much as a 100 percent increase in your construction business’ bottom line!
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Which Liquidity Strategy is Right for You?

Written by John H. Eckbert

Construction Business Owner, May 2009

Editor's Note: This is the last of three articles by PCE Investment Bankers, LLC. on the subject of liquidity. To read the previous article, click here.

In the March and April 2009 issues of CBO, we explored the attributes of internal and external liquidity strategies for contractors. With regard to the internal strategies, we detailed:

Tags: 2009 May Issue , accounting