topic

Accounting

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

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    How to Establish and Stay on Budget

    Most contractors confess ‘I never have as much money at the end of the year as I expect to.’ Do you suffer the same fate?
    Read More →: How to Establish and Stay on Budget
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    Are You Actively Managing Your Expenses?

    Times have been very good for the construction community over the recent past.
    Read More →: Are You Actively Managing Your Expenses?
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    Should I Use a Construction Payroll Provider for My Business?

    Fred Ode answers your construction accounting and finance questions.
    Read More →: Should I Use a Construction Payroll Provider for My Business?
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    Liquidity for Contractors – “Internal” Transfers

    Despite the current market turmoil, cash liquidity is, and will remain, an objective for business owners.
    Read More →: Liquidity for Contractors – “Internal” Transfers
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    Construction Labor Costs – 5 Percent Factor

    How to improve your construction labor costs.
    Read More →: Construction Labor Costs – 5 Percent Factor
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    How to Use Your Construction Accountant For More Than Taxes

    They are business advisors. If you are using your CPA as simply a tax advisor, you may be leaving profits on the table or money may be walking out the door without your knowledge.
    Read More →: How to Use Your Construction Accountant For More Than Taxes
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    Get Your Business to Work Part 6: Boost Your Bottom Line with These Last 5 Business Tools

    Maximizing your profit must be a top priority right along with getting your projects completed. Focusing on increasing your net profit will boost your bottom line and allow you to make a lot more money.
    Read More →: Get Your Business to Work Part 6: Boost Your Bottom Line with These Last 5 Business Tools
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    Strategies for Managing Your Debt

    For many contractors, liquidity is becoming increasingly stretched due to growing backlogs, ever-slowing collections, and retainage requirements.
    Read More →: Strategies for Managing Your Debt
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    10 Steps to Capture Additional Bonding

    Ensure your company meets surety requirements and receives bonding by following these guidelines.
    Read More →: 10 Steps to Capture Additional Bonding
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    Keeping Cash King in a Down Economy

    Working capital-the money needed to fund day-to-day business operations-is a primary indicator of a company’s financial health.
    Read More →: Keeping Cash King in a Down Economy
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    Factoring: Alternative Financing For The Construction Industry

    The country’s been going through some pretty tough times, and the construction business is one of the industries that has been hardest hit.
    Read More →: Factoring: Alternative Financing For The Construction Industry
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    Avoid Confusion When Calculating Your Billing Rate

    Avoid Confusion When Calculating Your Billing Rate
    Read More →: Avoid Confusion When Calculating Your Billing Rate

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