Remove Cash Flow Remove Foundation Remove Overhead Remove Profitability
article thumbnail

Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Cash flow is the lifeblood of any construction company and especially the ones with annual sales volume under $1,000,000. Some construction Company experts even say that a healthy cash flow is more important than your contracting company''s ability to complete projects! What Makes Up Your Construction Company Cash Flow?

article thumbnail

Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

In the meantime, service agreement customers are a source of cash flow and are predetermined to call you instead of your competition when repairs are necessary. The price of a service agreement must pay for the corresponding maintenance and whatever is left after the cost of material, labor and other costs is gross profit.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Five Basic Construction Accounting Tasks To Complete Every Month

Contractor Bookkeeping

Everything starts with cash because "cash is fact, profit is an opinion." These tasks form the solid foundation of your small business. We take care of your books for you, so you can get back to the job of running your business and generating profits. Proper construction accounting is all about the details.

article thumbnail

Bill.Com Can Save Time And Increase Your Construction Company Profits

Contractor Bookkeeping

With the optional bill tracking and bill payment services they are increasing bottom line profits by avoiding late fees and taking advantage of vendor discounts which in some cases can generate 36% Return on Investment! an hour after all of the taxes and overhead. For example a part-time bookkeeper paid $15.00

article thumbnail

Latest Trend, Bookkeeper Works For Contractor That Goes Bankrupt

Contractor Bookkeeping

If your bookkeeper is an employee and they have no equity interest in your company they do not have the same concern about your construction company''s cash flow and bottom line profit that you do because when it fails they can blame you for "Not knowing how to run a business" and go wreak havoc elsewhere.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

But to count on them as the source of profit is to bank on an unpredictable variable that is not under your control, that is hard to manage, and that you may wish to use for a completely different purpose – business development (more on this in a moment). foundation. foundation software. Are they a dinghy or a yacht?

article thumbnail

Five Tips To Help Contractors Stop Losing Money On Change Orders

Contractor Bookkeeping

Four Important Words That Turn High Profit Jobs Into Non-Profit Jobs! Part of the root cause can be traced to a mild case of "Stockholm Syndrome" where contractors feel their cash flow may be held captive by their customers or clients. That Should Be Included. Since It''s Open Anyway. You Get It Wholesale. I Need A Favor.