Contractor Bookkeeping

OCTOBER 4, 2013

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. Starting Or Re-Starting A Construction Company Is Easy.

Profitability 48

Profitability Construction Accounting Cash Flow 48

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. Think about it this way: bringing your purchasing process into the cloud means you can check incoming orders against pending ones, cutting back on duplicates that hurt your bottom line. Speed Up Receivables.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Contractor Bookkeeping

JUNE 22, 2012

1 Commercial Banker - Someone to help you manage cash flow and put your cash to work earning interest with sweep accounts and other banking tools. They are excellent at reviewing your Key Performance Indicators and advising on profit and growth opportunities. #2 firms need to prepare the annual income tax returns.

Profitability 48

Profitability Contractors Accounting Banking 48

Contractor Bookkeeping

JUNE 18, 2013

Three Steps To A Paradigm Shift: #1 Unfreeze - Being open to a new idea that is in agreement with your core values. #2 Cash flow issues kill contractors even though they have profit. Poor scheduling affects production and cash flow. Ignoring Profit Centers and Key Performance Indicators (KPI).

Cash Flow 48

Cash Flow Construction Change Orders Contractors 48

Construction Marketing Ideas

AUGUST 30, 2012

We spend quite a bit of time in business thinking about our profits and our rights. However, this job proved to be exceptionally challenging and time consuming and resulted in far less income for the designer than he would have earned if he had properly quoted the job in the first place. We also consider our obligations.

Cash Flow 54

Cash Flow Negotiation Construction Compensation 54

Contractor Bookkeeping

MAY 2, 2013

Four Important Words That Turn High Profit Jobs Into Non-Profit Jobs! I Have An Idea. 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.

Change Orders 48

Change Orders Contractors Cash Flow Profitability 48

ProcurementExpress.com

JANUARY 2, 2019

When the payment hits their account, they may mistake it for profit. In the latter example, there’s a chance that the under-billed amount could turn into a profit loss. There’s no one-size-fits-all template for your WIP schedule, but the idea is to highlight details associated with all in-progress jobs. Final Thoughts.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

ProcurementExpress.com

JANUARY 2, 2019

When the payment hits their account, they may mistake it for profit. In the latter example, there’s a chance that the under-billed amount could turn into a profit loss. There’s no one-size-fits-all template for your WIP schedule, but the idea is to highlight details associated with all in-progress jobs. Final Thoughts.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Contractor Bookkeeping

JANUARY 2, 2015

The idea was you would do all the work they would get half the profits and you politely refused, or not? Tax Advantages For LLC or a Sub S - If you do not setup your corporation correctly the profit or loss from your business will be passed through to the owners as normal income. This is getting very stressful.

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

AUGUST 9, 2012

Yes, I know that sounds a bit harsh please understand it comes from over thirty years of experience in the construction industry both as a contractor, a construction accountant and a profit and growth coach for a few select construction company owners. I have been there, done that, got the T-Shirt, the tattoo and sang a song about it.

Organization 48

Organization Contractors Accounting Profitability 48

Buisness Facilities Contributed Content

APRIL 15, 2014

Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability. The tax for existing entities accrues as of Jan. The rates range from $.25

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

Income 75

Income Finance Zoning Equipment 75