topic

Accounting

Accounting insights for construction firms—job costing, financial reporting, cash flow and bookkeeping strategies to keep contractors profitable.

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    Find the Right Markup Formula

    Find the right markup formula
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    Accountants Behaving Badly

    Jayme Dill Broudy shows you how to deal with unresponsive and unhelpful accountants.
    Read More →: Accountants Behaving Badly
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    Buy-Sell Agreements (Taking Care of the 8 D’s)

    Most closely held businesses, especially multiowner corporations and partnerships, need to have a buy-sell agreement in place.
    Read More →: Buy-Sell Agreements (Taking Care of the 8 D’s)
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    Construction Job Costing for Your Business

    Gain a better understanding of construction job costing.
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    How Deferred Taxes Can Impact Your Construction Business and Surety Program

    With a large number of construction companies operating as S Corporations, the deferred tax liability is not accounted for on the balance sheet. As a result, this potential liability can be easily disregarded.
    Read More →: How Deferred Taxes Can Impact Your Construction Business and Surety Program
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    Prepare for the New W-2

    Use these tips to ensure you are ready for the new W-2 reporting requirements by 2012.
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    Handling Contract and Procurement Fraud

    The best remedy against fraud, other illegal acts and ethics violations is a strong system of anti-fraud programs and controls supported by a positive ‘tone at the top’ from an organization’s senior management.
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    Tips to Improve Cash Flow in Construction Projects

    Cash flow has always been a top concern for contractors.
    Read More →: Tips to Improve Cash Flow in Construction Projects
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    Healthy Profits Require Healthy Markups

    Take a look at your last ten construction jobs, and figure out what they really cost. Then look at your bids and ask yourself if you charged enough.
    Read More →: Healthy Profits Require Healthy Markups
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    Business Owner Toolbox Part 3: You Can’t Make Enough Profit!

    I’ll make a small wager with you.
    Read More →: Business Owner Toolbox Part 3: You Can’t Make Enough Profit!
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    Are There Tax Incentives to Upgrading Our Software?

    Fred Ode answers your construction accounting and finance questions.
    Read More →: Are There Tax Incentives to Upgrading Our Software?
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    Strategies for Enhancing Contractor’s Cash Flow

    Cash flow is just as important to a contractor’s business as profitability.
    Read More →: Strategies for Enhancing Contractor’s Cash Flow

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