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.

The Consequences of Poor Change Order Practices

Written by Tom Kort

Construction Busines Owner, May 2009

In a good economy, just about anyone can make money without good business practices. However, to survive through a poor economy, it is necessary to have the discipline to develop and use best practices that improve the performance of jobs.

Tags: 2009 May Issue , accounting

External Liquidity Strategies

Written by John H. Eckbert and William A. Stewart

Construction Business Owner, April 2009

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

In the first installment of this series on liquidity strategies, we explored the merits of "internal" approaches which typically consist of selling to family, senior managers or to the tax-advantaged Employee Stock Ownership Plan (ESOP). Generally speaking, these internal approaches appeal to those who prioritize culture preservation, favorable tax treatment, independence and/or the perpetuation of family ownership.

Tags: 2009 April Issue , financial

Tax Strategies in a Tough Economy

Written by Adam Polakov, CPA

Construction Business Owner, May 2009

The construction industry is in its deepest decline since the 1930s. Construction companies are not only facing unprecedented challenges in their industry sectors, but they are also facing a rigid surety market that is meticulously defining levels of acceptable risk.

Tags: 2009 May Issue , accounting

Want To Stay Busy Or Make Money?

Construction Business Owner, March 2009

Editor's Note: This is the third in our 2009 series, "Earn More, Work Less." To read the previous article, click here. To read the next article in the series, click here.

As a business owner, I bet you love what you do. You're really good at doing your work with pride, integrity and quality workmanship.

Tags: 2009 March Issue , economy , financial , George Hedley